In the dynamic realm of cryptocurrency, all eyes are on the imminent Bitcoin halving in April, stirring anticipation and speculation within the crypto community. Shiba Inu (SHIB) takes center stage, especially as the SHIB army fervently discusses the coin’s future post-halving. Notably, Google Bard, the AI-powered Large Language Model, steps into the spotlight with intriguing predictions about SHIB’s trajectory, hinging on Bitcoin’s surge to $200,000 after the halving.   Bitcoin’s Effect on Shiba Inu (SHIB) Price: A Bard Analysis Delving into Bard’s analysis of the intricate relationship between Bitcoin and SHIB prices, the AI acknowledges the inherent challenges of predicting cryptocurrency values. Despite the complexities arising from market sentiment, adoption rates, and unforeseen events, Bard underscores a historical positive correlation between Bitcoin and SHIB. As Bitcoin’s value rises, SHIB tends to follow suit, and vice versa, forming a significant factor in predicting SHIB’s future value.   Bard Unveils Two Scenarios for SHIB’s Valuation Post-Halving Bard weaves a narrative of two scenarios, each exploring SHIB’s potential valuation based on Bitcoin hitting the anticipated $200,000 mark after the halving. Scenario 1: In a scenario marked by a robust positive correlation, Bard speculates that SHIB could ascend to $0.00004386. This calculation involves multiplying SHIB’s current market price by the quotient derived from post-halving Bitcoin price divided by its existing market value. Scenario 2: With a diminished correlation strength between Bitcoin and SHIB, Bard adopts a more cautious stance, estimating SHIB’s price at a modest $0.00001357. Despite the variance, both scenarios suggest the undeniable prospect of SHIB’s surge beyond its current value.   The Future Ahead: Bitcoin Halving and SHIB’s Potential Breakthrough Considering the approaching Bitcoin halving and the speculated upswing in value, the question arises: Could Shiba Inu (SHIB) be on the brink of a substantial breakthrough? Bard’s insights provide an optimistic perspective, hinting at a promising trajectory for SHIB in the evolving landscape of the crypto market. As the Bitcoin halving unfolds, all eyes remain on SHIB, awaiting the realization of Google Bard’s predictive gaze. Source: Cryptonews.net

The road to a spot Bitcoin exchange-traded fund (ETF) on Wall Street is reaching its final milestones, with the latest updates indicating a potential trading debut on Jan. 11. Let’s explore the key steps leading up to this significant event. Jan. 8 Deadline for Asset Managers’ Final Amendments In the race toward regulatory approval, asset managers are diligently working on the last round of revisions, with the deadline set for Jan. 8. As Bloomberg analyst Eric Balchunas notes, these amendments are crucial and will be submitted through S-1 filings by 8:00 a.m. Eastern Time, disclosing essential details such as remaining fees and tickers. Notably, some heavyweights like BlackRock are yet to unveil the associated fees for their ETF.   Submission of 19-b Forms by Crypto Fund Exchanges On Jan. 5, participating exchanges submitted their 19-b forms, marking a pivotal step in the overall process. These forms, coupled with the S-1 filings, serve as the final documentation before the United States Securities and Exchange Commission (SEC) delivers its verdict.   SEC Decision-Making Process The decision-making process at the SEC might involve a vote by the commissioners. While the SEC’s public agenda does not show any scheduled events before Jan. 11, when the market anticipates the ETFs’ debut, Balchunas suggests that the SEC could leverage its delegated authority policy. This means a potential approval without a formal vote, a scenario Balchunas deems plausible.   Predictions for Approval Balchunas predicts a favorable outcome for most applicants next week, especially for those meeting the regulator’s requirements before the Dec. 29 deadline. Notably, he highlights that Grayscale, seeking the conversion of its Grayscale Bitcoin Trust into a listed BTC ETF, might receive its decision shortly after the initial approval.   Addressing Concerns and Criticisms Recent criticism, such as Better Markets’ letter dubbing ETF approval a “historic mistake,” is viewed by Balchunas as the final resistance of crypto skeptics. He points out that these critics overlook the current accessibility of crypto, emphasizing that ETFs are not introducing crypto for the first time but rather expanding its reach. Balchunas dismisses such critiques as the last efforts of crypto detractors to voice their disapproval. As the SEC navigates the final stages of the Bitcoin ETF approval process, the crypto community eagerly awaits the potential launch, anticipating a significant shift in the landscape of cryptocurrency investment. Stay tuned for updates on this historic development. Source: Cointelegraph.com