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The cryptocurrency world is buzzing with anticipation as Arthur Hayes, co-founder of BitMEX, boldly proclaims the inception of a Bitcoin bull run that traces its roots back to March. However, the crypto sphere is not solely focused on Bitcoin; it also revolves around DeFi companies like Borroe.Finance, and its ongoing blockchain ICO of $ROE tokens and established giants like Binance Coin (BNB).
Bitcoin’s Bull Run is On
According to Hayes, the starting point of this Bitcoin bull run can be traced back to March 10, when Silicon Valley Bank (SVB) faced a takeover by the Federal Deposit Insurance Corporation (FDIC).
To stabilize the banking system and prevent further potential collapses, the Federal Reserve introduced the Bank Term Funding Program (BTFP). This program offered loans to banks for up to a year in exchange for posting «qualifying assets» as collateral.
Hayes believes that the move by the Fed was essentially an admission of the structural issues within the banking system and an acknowledgment that printing more money was a way to solve it. This, he argues, led to the start of the Bitcoin bull run.
He noted that the cryptocurrency market collectively saw through this strategy and recognized it as a clear indication that the existing financial system was flawed. Investors began turning to assets with a fixed supply, such as Bitcoin.
What’s Next for Bitcoin and Cryptocurrencies?
Despite Bitcoin’s remarkable performance, Hayes suggests that the broader market has yet to fully respond. However, he predicted a timeline of six to twelve months for the bull market to mature.
He goes on to explain that whether the Federal Reserve continues raising interest rates or decides to print more money, Bitcoin is well-positioned to perform positively.
Introducing Borroe.Finance: The Rising Star
While Bitcoin captures much of the crypto spotlight, there’s another emerging player on the scene that has been generating significant excitement among investors who understand what crypto to invest in now. That player is Borroe.Finance, and it’s poised to become one of the coolest NFT projects in the crypto space.
NFTs are changing the way digital assets are owned and traded, offering unique opportunities for creators and investors alike. Borroe.Finance leverages NFTs to represent future and outstanding revenue streams, making it possible for businesses to quickly raise upfront cash by minting these digital tokens.
The introduction of AI adds another layer of sophistication to the platform. Borroe.Finance’s AI-driven systems manage and assess risk, automate processes, and provide real-time fundraising updates. This innovative blend of NFTs and AI positions Borroe.Finance at the forefront of cutting-edge technology in the crypto space.
Whales are Eyeing Borroe.Finance
Investors, including some prominent whales, are increasingly turning their attention to Borroe.Finance.
Right now, Borroe.Finance is in its presale phase, specifically Stage One. During this stage, the $ROE altcoin price stands at $0.0125. Over 77% of the tokens have already been snatched up, showcasing the immense confidence investors have in this project.
There are still six more stages to come, each with its unique opportunities. In Stage Two, the token price will rise to $0.015, making Borroe.Finance an attractive alternative with high growth prospects.
Names like Michael Price, the CPO of Borroe.Finance, with over 25 years of leadership experience in financial services, and Maxim Prishchepo, the Blockchain Lead, bring a wealth of knowledge and expertise to the table. They’ve worked on tier 1 projects and have a deep understanding of the crypto world.
Fostering Trust and Transparency
Investors seeking security and transparency can rest assured that Borroe.Finance has undergone a smart contract audit by BlockAudit, a top auditing firm. The contract address is available for all to see, emphasizing the commitment to trust and openness.
The project aims to seek regulation where possible and adhere to best practice guidelines. This commitment to compliance places $ROE as one of the best DeFi projects to invest in.
Bitcoin Transitions into a Bull Market
Data from CryptoQuant, a renowned crypto analytics platform, provided strong evidence about Bitcoin’s transition into the bull market. It analyzed Bitcoin’s unrealized loss and realized price metrics, revealing that Bitcoin had entered the «bottoming zone,» indicating the period of maximum decline had passed.
The report suggests that the crypto market might experience a drop but it is highly unlikely that Bitcoin will establish new lows. Instead, this potential recession-induced dip could be seen as the last opportunity before entering the Strong Bull Zone.
A Glimpse at the Current Market
Bitcoin is trading at approximately $25,7000 and has been hovering around $25,000 and $26,000 over the past one week. The RSI for Bitcoin on the weekly timeframe stands at 28.9, which shows that there is room for growth.
Currently priced at $215, with a market cap of over $33 billion, Binance Coin (BNB) has faced regulatory challenges lately, including a lawsuit from the dreaded Securities and Exchange Commission (SEC) for various securities law violations in the United States.
Borroe.Finance: The Rising Star in Web3 Finance
While Bitcoin continues its bull run, and BNB faces regulatory challenges, Borroe.Finance emerges as a rising star. It offers investors an exciting alternative with high growth prospects.
Analysts and investors alike believe that $ROE, the native token of Borroe.Finance, has the potential to rally massively. As the bull run in cryptocurrencies continues and the market responds to the shifting sands of finance, Borroe.Finance is poised to be the bridge to a new era of Web3 finance.
Learn more about Borroe.Finance ($ROE) here:
Visit Borroe.Finance Presale | Join The Telegram Group | Follow Borroe on Twitter
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
