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Should Canadians Invest in Bitcoin in 2024?

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–News Direct–

"Should an investor buy Bitcoin?" This question gains even more significance as we approach the Bitcoin halving, a key catalyst event that traditionally impacts the cryptocurrency's price and market dynamics profoundly. With recent approvals of US spot BTC ETFs and a significant influx of institutional money, the stage is set for potentially lucrative returns in the Bitcoin market.

As Canada continues to make significant strides in the global cryptocurrency market, the anticipated Bitcoin halving event poses a new opportunity for Canadian investors.

The Case for Bitcoin Investment in Canada

Canada's progressive stance on cryptocurrency regulation and its early adoption of Bitcoin and Ether ETFs have distinguished it as a leader in the cryptocurrency sphere. These developments provide Canadian investors with safer and more accessible investment opportunities:

  • Widespread Adoption: Currently, 18% of Canadians own some form of cryptocurrency, signaling a broad acceptance of these digital assets within the country.

  • Dominance in ETFs: Canada was one of the first nations to introduce spot Bitcoin and Ether ETFs. Today, Canadian spot crypto ETFs hold a substantial 46% of the global market share, managing $2.79 billion in assets.

Currently, 18% of Canadians own some form of cryptocurrency, with Bitcoin being the predominant choice. Given this statistic, I think you could argue that yes, Canadians should consider Bitcoin as a potential investment avenue.

Lets delve deeper into the halving process and explore why Bitcoin remains an excellent investment for 2024 and beyond

Understanding the Bitcoin Halving

The Bitcoin halving reduces the reward for mining new blocks by half and happens every four years, with this cycle estimated to occur on April 20th 2024. This constricts the supply of new Bitcoins and typically drives up the price due to the supply-demand economics. Historical data illustrate significant price surges post-halving:

  • November 2012 Halving: Price soared from around $12 to over $1,000 within a year.

  • July 2016 Halving: Gradual rise from $650 to roughly $2,500, peaking near $20,000 by December 2017.

  • May 2020 Halving: Price climbed from about $8,000 to nearly $64,000 by April 2021.

These trends suggest a bullish outlook post-2024 halving, however, several new variables could shape this cycle differently.

Ryan Lee, Chief analyst at Bitget shared his thoughts on the impending halving:

Based on our analysis, Bitcoin could potentially reach between $100,000 – $110,000.

At current rates, factoring in rising institutional demand, easier retail access, and diminished miner sell pressure, its possible that Bitcoin could even surpass current price predictions. That being said, Bitcoin is an unpredictable asset and remains susceptible to macro forces including global economic inflation and stock market performance. As it stands, Bitcoin is on course to reach $100K by the end of 2024. If it can pass that psychological threshold and continues to show strength, theres no reason why it cant continue to outperform other assets in 2025 and all the way through to the next halving.

Factors Influencing the 2024 Halving Cycle

1. Institutional Adoption

Increased institutional investment can bring more stability and reduce volatility in Bitcoin prices, as institutions are likely to hold long-term positions, absorbing some of the price fluctuations and supporting a gradual price increase.

2. Regulatory Environment

Regulations play a crucial role in cryptocurrency adoption. Positive developments, such as the approval of Bitcoin spot ETFs in various countries, have made Bitcoin more accessible and could lead to increased demand.

3. Technological Developments

Advances in blockchain technology and the introduction of new financial products that enhance Bitcoin's utility could attract more users and investors, further driving up the price.

4. Economic Conditions

Bitcoin is often considered a 'digital gold' and a hedge against inflation. With current global financial instability, Bitcoin could see heightened demand as a safe-haven asset.

Institutional Impact on Bitcoin's Valuation Post-2024 Halving

The entry of more institutional investors is expected to increase Bitcoin's market capitalization and liquidity. Institutions not only bring in large volumes of capital but their long-term investment horizons decrease the available supply, putting upward pressure on prices. This dynamic is likely to be exacerbated by the reduced supply following the halving.

Market Conditions and Future Growth Potential

Although the market is currently experiencing high prices and investor enthusiasm, several indicators suggest there is room for growth:

  • Market Greed Index: Excessive optimism might indicate an overheated market, but balanced sentiment could mean sustained growth potential.

  • Market Volatility: The VIX and other volatility indices can help gauge market stability. A decrease in volatility usually indicates a stable market which could be conducive for growth post-halving.

Conclusion: Is Buying Bitcoin Pre-2024 Halving Wise?

Given the historical price surges following previous halvings, the anticipated reduction in Bitcoin supply, and the increasing institutional interest, a bullish outlook is reasonable. The potential for high returns post-2024 halving, combined with technological and regulatory advancements, makes Bitcoin an attractive investment opportunity.

Investors should consider these dynamics but remain aware of the inherent volatility and risks. Monitoring market indicators and staying informed on global economic conditions will be crucial. As always, a diversified investment approach is recommended to mitigate risks associated with the volatility of Bitcoin.

In summary, buying Bitcoin in anticipation of the 2024 halving presents a promising opportunity, supported by both historical trends and emerging market dynamics. Investors are advised to conduct thorough due diligence and consider their long-term investment strategies in alignment with ongoing developments in the Bitcoin ecosystem.

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, visit:

Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: media@bitget.com

Contact Details

Sylvia Huang

+971 52 892 2724

media@bitget.com

View source version on newsdirect.com: https://newsdirect.com/news/should-canadians-invest-in-bitcoin-in-2024-877440404

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Optimizing your QuickBooks file is crucial for ensuring your accounting software runs efficiently, protecting data integrity, and facilitating smoother operations

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Kingston, 22nd October 2024, ZEX PR WIRE, As businesses grow, so do their financial records, often leading to larger QuickBooks company files. While QuickBooks is designed to handle substantial data, file optimization is crucial for maintaining efficiency and performance. 

 Large company files can slow down QuickBooks, leading to lagging responses when entering data, generating reports, or running payroll. Optimization helps reduce file size and improve system speed, allowing for smoother operations.

Over time, as files grow and become fragmented, the risk of data corruption increases. Regular optimization can help maintain file integrity, reducing the likelihood of encountering issues that can lead to data loss.

 A smaller, optimized file takes less time to back up and restore, which is critical during system updates or when recovering from a crash. This can save valuable time and resources, especially during busy financial periods.

File optimization makes it easier to manage and navigate your financial records. By condensing and organizing data, users can quickly access the information they need without wading through excessive amounts of data.

Optimized files allow for quicker and more accurate financial reporting, ensuring that your business remains compliant with tax regulations and internal policies. This efficiency is vital for audits and decision-making processes.

Use QuickBooks’ built-in “Condense Data” feature to remove historical transactions and reduce file size while retaining necessary data. Schedule regular maintenance checks to identify and repair data integrity issues. Utilizing tools like QuickBooks File Doctor can help identify potential problems early. Regularly review and archive old transactions that are no longer needed for day-to-day operations, which can significantly reduce file size. Keep an eye on your company file size and set thresholds for when optimization is needed to prevent performance degradation.

Optimizing your QuickBooks file is crucial for ensuring your accounting software runs efficiently, protecting data integrity, and facilitating smoother operations. Regularly implementing optimization strategies can lead to significant benefits, allowing your business to focus on growth and success.

https://quickbooksrecovery.co.uk/quickbooks-file-data-services/quickbooks-file-optimization-service/ 

About E-Tech

E-Tech is the leading service provider of QuickBooks File Repair, Data Recovery, QuickBooks Conversion and QuickBooks SDK programming in the UK and Ireland. In our 20 years plus of experience with Intuit QuickBooks, we have assisted over a 1000 satisfied customers with their requirements.

We offer a range of services for existing QuickBooks users and provide comprehensive solutions for small businesses. Additionally, our expertise covers the US, UK, Canadian, Australian (Reckon Accounts), and New Zealand versions of QuickBooks (PC and Mac platforms).

For media inquiries regarding E-Tech, individuals are encouraged to contact Media Relations Director, Melanie Ann via email at Melanie@e-tech.ca. 

To learn more about the company, visit: www.e-tech.ca

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Press Release

Yantai City Hosts Gathering of the Wise, Guiding the Future High-Level Talent and Industry Matching Conference for Domestic and International Professionals

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China, 22nd Oct 2024 – Yantai City, Shandong Province, has been committed to opening up to the outside world and innovative development for many years, and has continued to promote high-quality economic and social development in the region. 

Recently, the city has organized the 2024 Overseas Chinese Scholars Serving the Motherland (PHASE 18) High-Level Talent and Industry Integration Conference, themed “Gathering of the Wise, Guiding the Future” was held in Yantai on September 26. Over 150 doctoral students and postdoctoral researchers from more than 30 countries and regions gathered for this talent integration event.

During the opening ceremony, Yantai City’s talent policies were prominently introduced, and the 2024 Yantai Matchmaking Symposium for at Home and Abroad High-level Talents and Industries Job Requirements List was released. A total of 45 key enterprises of“9+N”industries, 15 universities and research institutions in Yantai proposed a demand for 111 postdoctoral positions, 810 doctoral positions, and 200 overseas outstanding master’s positions. Positions in “high-precision and urgent shortage” fields offer an average annual salary of over 300,000 RMB, and the highest annual salary of some positions can be up to 1 million RMB. This event extended a heartfelt invitation to young talents at home and abroad aspiring to innovate and start businesses in Yantai. 8 doctoral talents signed agreements with the postdoctoral research stations and research workstations in Yantai. Additionally, 8 high-tech application development and industrialization projects in fields such as autonomous driving, precision medicine, and green circular new materials signed cooperation research agreements and talent incubation agreements on-site with related enterprises and industrial parks in Yantai.

The talent integration conference included four concurrent specialized activities. In the promotion activity, 6 key enterprises and universities, including Taihe New Materials Group Co., Ltd., detailed their development and talent recruitment policies. In the project roadshow activity, a total of 26 overseas talent projects, including the “AI-Based Intelligent Millimeter-Wave Radar Sensing System” were presented in a live roadshow, followed by matchmaking and negotiations with representatives from investment promotion and venture capital institutions. More than half of the entrepreneurial projects are expected to be incubated in Yantai. In the recruitment exchange activity, more than 60 companies set up recruitment booths to accurately connect with overseas students who are seeking jobs. In the discussion activity, 11 overseas student organizations representatives engaged in in-depth discussions with local departments about overseas talent recruitment cooperation and project recommendations. After the concurrent specialized activities, more than 50 overseas students participated in an experiential activity in Yantai, visiting local innovation parks, leading enterprises, and cultural landmarks to gain a comprehensive understanding of Yantai’s cityscape and innovation environment, fostering enthusiasm for working and starting businesses in Yantai.

This event was not only a grand gathering for overseas high-level talents and local industries but also an important manifestation of Yantai’s commitment to openness and innovative development. Yantai City will leverage this event to continuously optimize the talent development environment, provide higher quality services and support, and attract more outstanding talents to develop in Yantai. With the deep integration of talent and industry, a more vigorous innovative vitality is expected to be unleashed, injecting strong new momentum into the high-quality economic and social development of Yantai.

Media Contact

Organization: yuehao media

Contact Person: yaqi yu

Website: https://www.instagram.com/emilywww08/

Email: Send Email

Country: China

Release Id: 22102418840

The post Yantai City Hosts Gathering of the Wise, Guiding the Future High-Level Talent and Industry Matching Conference for Domestic and International Professionals appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Strickland Capital Group Launches Comprehensive Education Planning Services

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Mintao-ku, Tokyo, Japan, 21st Oct 2024 – Strickland Capital Group is excited to introduce its newly developed education planning services, created to provide families, parents, and students with the tools and guidance necessary to prepare for the increasingly complex educational landscape. As education costs continue to rise, effective planning is more important than ever, and Strickland Capital Group is committed to helping individuals navigate these challenges with ease.

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Recognizing the value of education as a transformative experience, Strickland Capital Group has designed a suite of services tailored to meet the diverse needs of families. Whether preparing for college, trade school, or postgraduate programs, these new services are intended to help clients manage the demands of educational preparation, both for children and adults returning to academia.

“We understand that planning for education can be overwhelming, and it’s not just about covering costs but also about making sure that the overall strategy aligns with a family’s broader objectives. Our goal is to empower families to feel confident in their decisions, knowing that their educational goals are supported by a clear and effective plan,” said a representative from Strickland Capital Group.

A Personalized Approach to Education Planning

What sets Strickland Capital Group’s education planning services apart is their personalized and comprehensive approach. The planning process starts with an in-depth consultation, during which the firm’s expert advisors work closely with clients to assess their unique needs, goals, and timelines. This approach allows Strickland Capital Group to develop tailored strategies, ensuring that each education plan is customized for individual situations.

The planning process encompasses a broad range of considerations, including:

Identifying short-term and long-term academic goals

Understanding the cost structure of different educational institutions

Preparing for ancillary costs such as books, supplies, and living expenses

Exploring potential opportunities, scholarships, and other resources that can contribute to the overall plan

Whether it’s helping parents plan for their children’s college years or assisting professionals who wish to return to school for further qualifications, Strickland Capital Group provides ongoing support and insights throughout the entire process.

Empowering Clients for the Future

Strickland Capital Group believes that proper education planning can unlock future potential. The firm is dedicated to helping clients make informed choices about where and how to invest in education, all while making sure their overall objectives are met. This ensures that students are not just ready for their next academic step but also well-positioned to achieve long-term success.

In addition to providing advice and strategies for managing education costs, Strickland Capital Group’s services include evaluating various educational paths, helping clients weigh the pros and cons of different schools, programs, and degree options. These insights enable families and individuals to make decisions that align with their career aspirations, personal growth, and life objectives.

“We believe that education is one of the most important foundations for success,” added the spokesperson from Strickland Capital Group. “By working with our team, clients can feel secure in knowing that they are taking the right steps to prepare for the future, no matter what stage of the education process they’re in.”

Dedicated to Long-Term Client Success

Strickland Capital Group has built its reputation on a commitment to helping families achieve their dreams through careful planning and thoughtful strategies. The firm’s education planning services are the latest addition to a wide range of offerings designed to support clients through major life events. From the earliest stages of childhood education to advanced degrees later in life, Strickland Capital Group Tokyo Japan is dedicated to helping clients navigate the complexities of education.

By taking a holistic approach, Strickland Capital Group ensures that all aspects of a client’s situation are considered. Whether a family is looking to plan for their child’s first year of school or an individual is returning to higher education later in life, Strickland Capital Group’s services provide the expertise and support needed to make those aspirations a reality.

About Strickland Capital Group

Strickland Capital Group is a leading provider of personalized planning services, offering clients the tools and strategies needed to achieve their goals. With a client-first philosophy, the firm focuses on helping families and individuals prepare for key life events, including education, retirement, and more. The team at Strickland Capital Group prides itself on delivering clear, actionable insights that empower clients to plan with confidence. For more information, visit www.stricklandcapitalgroup.com.

Media Contact

Organization: Strickland Capital Group

Contact Person: Michael Donovan

Website: https://stricklandcapitalgroup.com/

Email: Send Email

Contact Number: +81368635287

Address: Nisso 22 Bldg 6F 1-11-10 Azabudai Minato-ku, Tokyo Japan 106-0041

City: Mintao-ku

State: Tokyo

Country: Japan

Release Id: 22102418839

The post Strickland Capital Group Launches Comprehensive Education Planning Services appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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