Bitcoin Halving Alert: What’s on the Horizon?

‍4 Minute Read

Here's how some major markets/indexes performed in the last 5 days:

• Dow Jones: 37,922 (-0.4%)
• S&P 500: 4,973 (-3.4%)
• Nasdaq 100: 17,079 (-5.8)
• TSX: 21,785 (-0.7%)
• BTC: 64,273 (-2.1%)
• Ethereum: 3,078 (-2.4%)

(USD)

As of 4/19/2024 at 11:30 AM PST

🚨 Bitcoin Halving Alert: What’s on the Horizon?

Halving Time: A Critical Reset

The crypto world is abuzz as Bitcoin approaches its next halving around April 20, 2024, slicing mining rewards to 3.125 BTC. This event is more than a technicality—it’s a market catalyst that historically triggers a bullish run.

The Halving Effect

Why It Matters:

• Miners: They'll see their Bitcoin earnings halved, pressuring them to optimize or scale down.
• Investors: Reduced new supply typically nudges Bitcoin’s price north, making it a keen watch period for smart money.
• Market Dynamics: With Bitcoin’s towering market cap, this halving could tighten supply and tempt new institutional dollars.

Beyond the Buzz

This fourth halving could recalibrate financial strategies and shift investor sentiment significantly. It’s not just a test of profitability but also resilience, as the entire Bitcoin ecosystem adapts to new economic realities.

💬 Quote of the Day

"It's clear that we're in the early stages of a reopening
of capital markets."

David Solomon
Goldman Sachs, CEO

✨ Gold Stocks Glitter Amidst Global Tensions

This week, gold prices soared to record highs, surpassing $2,400 per ounce as geopolitical strife stirred market jitters. Investors flocked to the enduring safe haven, boosting gold stocks across the board.

Why the Surge?

• Geopolitical Tensions: Rising conflicts in the Middle East have spiked safe-haven investments.
• Market Volatility: Uncertain economic forecasts are driving the rush towards reliable assets like gold.

Stock Market Sync

Companies like Barrick Gold have ridden the wave, albeit with some hiccups in production. Yet, the sector's overall pulse remains strong due to the metal's price surge.

Outlook

With no end in sight to global tensions, gold's allure as a sanctuary for capital is expected to hold. For investors, gold stocks are not just a hedge but a robust opportunity amid the chaos.

Sierra Metals

‍

A dynamic player in the base metals sector with operations in Peru and Mexico, emphasizing sustainability and growth in the mining industry.

Learn More ➤

E3 Lithium

Setting the pace in the critical minerals industry by establishing Canada's largest lithium resource, aimed at fueling the electric revolution for decades.

Learn More ➤

Surge Battery Metals

Discover how Surge is leading the charge in lithium production through its Nevada North Project, aimed at supporting the booming electric vehicle market.

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⚡ EV Economics: Why Businesses Are Charging Ahead

Shift to Electric

As personal passion for EVs cools in Canada, the business case heats up. Geotab's latest study of over 750,000 vehicles reveals that shifting to electric could save businesses an average of $16,000 per vehicle over seven years.

Cost-Effective Change

It's not just about the savings—41% of light-duty commercial vehicles are ripe for the switch with no need for new infrastructure, poised to cut emissions significantly. This move could prevent 19 million metric tons of CO2 emissions, proving profitable and planet-friendly.

Waning Consumer Interest

Despite cheaper prices and better availability, Canadian interest in personal EVs is on the decline, with political uncertainties and shifting policies cooling off potential buyers.

What’s Next for Businesses?

The pathway is clear for businesses to take the lead on EV adoption. This transition offers a dual benefit: slashing operational costs and dramatically reducing environmental impact.

With EVs becoming a smarter choice economically and environmentally, businesses could drive the next wave of green transportation. As personal interest retreats, commercial fleets are stepping up, ready to take the wheel in the clean energy race.

📢  This Week's Selected News:

Lexaria Receives Ethics Review Board Approval to Begin New GLP-1 Study

Lexaria Bioscience Corp. (NASDAQ: LEXX) has announced the successful approval from an Ethics Review Board to commence a new study on DehydraTECH™, its innovative drug delivery technology. This pivotal study will evaluate the effectiveness of DehydraTECH™ in enhancing the delivery of antiviral drugs, targeting improvements in overall efficacy and patient outcomes. The approval marks a significant milestone for Lexaria as it aims to advance and optimize drug delivery methods across various medicinal sectors, potentially transforming treatment paradigms for viral infections globally. This development positions Lexaria at the forefront of innovation in drug delivery technologies.

Learn More ➤

‍

KITS Eyecare Reports Preliminary First Quarter 2024 Results

KITS Eyecare Ltd. has released its preliminary results for the first quarter of 2024, showcasing a robust performance with significant growth in revenue and customer base. The company reported a 20% increase in revenue compared to the previous year and a 15% growth in active customers, driven by enhanced operational efficiencies and strategic marketing initiatives. These positive developments affirm KITS Eyecare's continued expansion in the optical industry, as it further solidifies its market position by leveraging technology and customer-centric services to meet the evolving needs of consumers. This performance sets a positive tone for the fiscal year as KITS continues to innovate and drive value for its customers and shareholders.

Learn More ➤

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