Institutions highlight two key factors in the pre-sale for Bitcoin (BTC) 2024 price increase and the success of Borrow Finance
Bitcoin's recent rally sparked excitement, touching new highs around $43,000, surpassing levels not seen since the 2022 bear market.
Institutional Forecasts Due to the Bitcoin halving event in 2024 and a significant increase due to the expected decrease in interest rates, Boro Finance (ROE) is the leading income generation method in the Web3 space for the highest crypto investment.
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Bitcoin compensation and the impact of the Fed rate will reduce the price
Bank of America's Global Research Group, in its recently released 2024 market outlook, predicted continued inflation and mid-year interest rate cuts by both the Federal Reserve and the European Central Bank.
This matches an earlier forecast by Switzerland-based UBS, which suggested a “meaningful reduction in the federal funds rate” by May 2024.
A Bitcoin halving event in April 2024 and a Fed rate cut will create a volatile economic landscape.
Glassnode's research report shows that 70% of the Bitcoin supply has been inactive for a year or more, indicating the commitment of long-term holders to hold onto the major crypto.
In addition, 83% of the BTC supply is currently held at a profit, providing conditions that limit supply with a halving.
Matt Weller of Forex.com emphasizes the effect of supply, “If supply in the market is low, it only takes a small squeeze in demand — just like we've seen with speculation around ETFs — to push prices higher.” fast speed”
Glassnode Insights on Bitcoin Supply Shock and Institutional Interest
Glassnode's forecasts add another layer to the dynamics of supply and demand. A $70 billion increase in institutional interest is predicted after the SEC approves a Bitcoin ETF product for regulated investors.
This fits the narrative that institutions are increasingly embracing Bitcoin as a valuable asset class, as well as individuals who are interested in how to get into the cryptocurrency.
Coupled with lower borrowing costs brought about by the Fed's rate cut, the stage for 2024 could be a perfect storm. The coming quarter.
BorroeFinance ($ROE): The Web3 Revenue Generation Revolution.
While Bitcoin is gaining attention, the top crypto to buy, BorroeFinance ($ROE) is gaining a lot of attention in the Web3 landscape. As one of the best DeFi projects, BorroeFinance leverages artificial intelligence technology, positioning itself as a force for change in how businesses generate revenue in the Web3 sector.
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The benefit of Borro Finance
$ROE serves as Boro Finance's native token that operates as a fiat token on the Polygon blockchain. The platform connects investors with businesses and content creators using AI to assess risk and match investors with compatible opportunities.
In particular, Boro Finance facilitates revenue generation for Web3 businesses and content creators by allowing them to sell future revenue in non-perishable tokens.
BorroeFinance aligns with the 3 core principles of the Web, emphasizing inclusiveness, transparency and decentralization. This platform caters to a variety of participants, including content creators, social media influencers, and other subscription-based content services.
Blockchain technology ensures the authenticity of all transactions within the network, providing users with a secure and intuitive environment.
$ROE Presale: The Key to Financial Freedom
Investors looking for projects with the potential for financial freedom are turning to Boro Finance. The ongoing $ROE presale has been a huge success.
At the current stage 3, the price of $ROE altcoin is fixed at $0.0175 per token. The success of the Borro Finance cryptocurrency ICO, where early investors have already realized significant returns, highlights the market's interest in this innovative Web3 project.
Learn more about BorroeFinance ($ROE) here:
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