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The launch of Bitcoin spot ETFs was initially hailed as a major shift for the crypto industry. Many believed these investment vehicles would unlock significant institutional demand, propelling Bitcoin to new heights. However, the reality has played out differently. Since January 20, 2024, Bitcoin has struggled to maintain upward momentum, prompting questions about whether the market priced in perfection too soon. Interestingly, historical market patterns may offer insights into Bitcoin’s current trajectory. Analyst Benjamin Cowen has pointed to similarities between Bitcoin’s ETF performance and the Nasdaq-100 ETF (QQQ) launched in 1999. The QQQ ETF peaked 54 weeks after its inception, a timeline that aligns with Bitcoin’s peak 54 weeks post-ETF launch. The coincidence is notable, especially given that this peak aligned with the U.S. presidential inauguration, a potential macroeconomic turning point. A key issue in this cycle has been liquidity distribution. The rise of memecoins has taken capital away from Bitcoin and other established assets. Many retail investors were lured into believing in a “memecoin supercycle,” only to see most of these tokens collapse. This pattern echoes previous speculative bubbles, where hype-driven assets outperformed momentarily before erasing gains. Related: Bitcoin Nation Reserve Race: Who’s Next After the US? Bitcoin dominance, which has climbed from 38% to 64%, demonstrates how capital is consolidating back into BTC. This trend suggests that investors are losing confidence in altcoins, opting instead for Bitcoin’s relative stability. Moreover, the role of ETFs in this cycle has also been a point of debate. While they increase Bitcoin’s accessibility, they also raise concerns about long-term decentralization and institutional control over supply. Historical market cycles provide another interesting angle. The 1970s, a period of high inflation and economic uncertainty, saw two left-translated market cycles. A left-translated cycle happens when a market peak occurs early, leading to prolonged bearish conditions. If Bitcoin follows this pattern, we may see a sharp decline in Q1 2025, followed by a temporary relief rally in Q2/Q3. However, if BTC falls below $70,000 soon, it may confirm a left-translated cycle. Related: Bitcoin Critic Peter Schiff Calls Trump’s Strategic Bitcoin Reserve “Bogus,” Questions Real Impact A lower high in the subsequent rally could prepare the stage for a recession in 2026. Conversely, if Bitcoin maintains support above $70,000, it might still reach new highs later. As of press time, Bitcoin (BTC) is priced at $86,034.03 , with a 24-hour trading volume of $50,823,451,453. The price has dropped by 3.28% in the last 24 hours but gained 0.75% over the past week. With a circulating supply of 20 million BTC, its market capitalization stands at $1,7 trillion. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

$ADA and $PI both will very soon hit 2.00. my target for $PI will be 2.25

$ELX buy now will soon touch .75

A new governance proposal, SIMD-228, is set to reshape the blockchain’s economic foundation by altering how Solana (SOL) tokens are issued. The community is divided, with strong voices both for and against the shift. If passed, the proposal could slash Solana’s inflation rate below 1% and redefine staking incentives. SIMD-0228: As we head to the vote in epoch 753, I am proud to share that we have spent almost two months discussing SIMD-0228 in public. (Check screenshot for details). Throughout the process, we incorporated several pieces of community feedback: 1. Transitioned from a… pic.twitter.com/0g138cFGY8 — Vishal Kankani (@kankanivishal) March 6, 2025 The proposal suggests a flexible system for issuing tokens. Right now, Solana follows a set 4.6% yearly inflation rate, dropping 15% per year until it settles at 1.5%. The new method would adjust based on how many people stake their tokens. If staking dips under 33%, rewards increase to push more staking. If too many people stake, rewards shrink, pulling inflation down. At present, 65% of SOL tokens are staked. Experts predict that with the new method, inflation could drop under 1% yearly. That shift might make SOL harder to get, possibly boosting its value while controlling the token supply. A vote is lined up for epoch 753, which might kick off as soon as this weekend. The discussion around SIMD-228 has caught the eye of major figures in the Solana space. Mert Mumtaz, the founder of Helius, has backed the idea, saying the network needs to change how it works financially. In an X post, he made it clear that passing SIMD-228 would strengthen the network. Helius even put out an in-depth breakdown of what the proposal might mean. On the other side of the argument, Solana Foundation president Lily Liu has urged caution. She criticized the proposal as “too half-baked” and warned that unpredictable staking yields could deter institutional investors. Her concerns highlight the broader uncertainty about how markets will respond if the proposal is implemented. The proposal authors, Jain and Kankani, have defended their work, emphasizing that it has been under discussion for nearly two months. They argue that the proposal has incorporated feedback from across the community, making it a well-vetted strategy for Solana’s economic future. Supporters claim the new model could eliminate hundreds of millions of dollars in unnecessary inflationary leakage, benefiting long-term SOL holders. Proponents argue that the network will become more valuable over time by ensuring that SOL’s supply better aligns with demand. Anza engineer trent.sol has praised the proposal for striking a balance between network security and economic sustainability. The proposal aims to align token emissions with real staking demand, ensuring Solana does not “overpay” for network security when participation is already high. Critics, however, worry about unintended consequences. Smaller validators could see their earnings decline, potentially leading to greater centralization if only large stakeholders can afford to operate profitably. Additionally, any miscalculations in the new emissions model could destabilize staking incentives, creating short-term volatility in SOL’s value. For those eyeing Solana’s long-term growth, SIMD-228 could be a pivotal moment. Estimates suggest the proposal could lead to a 20.9% reduction in overall emissions, aligning token creation with burning. That change could bolster SOL’s scarcity, increasing its appeal to long-term investors. The shift would also bring more predictability to Solana’s monetary policy. Rather than rigid, scheduled inflation, the new system reacts dynamically to network conditions, potentially stabilizing token value while rewarding active participants. Apart from the SIMD-228 proposal, Solana also revealed a lattice-based hashing system to address the “state growth problem.”