Is Bitcoin going to surpass $110K soon? Only time can tell, though the world’s most valuable crypto keeps surging and inching closer to a new all-time high.
This bullish momentum will surely trickle down into Bitcoin-themed altcoins like BTC Bull Token ($BTCBULL) later this year. Remember: altcoin season doesn’t start; it bleeds out of Bitcoin’s gains.
While Bitcoin is flirting with a new all-time high and analyst opinion is split, there’s another move brewing that could propel Bitcoin forward.
And it has nothing to do with price charts; it’s about changing how Bitcoin is understood, potentially boosting adoption for new users.
Currently, 1 Bitcoin is equivalent to 100M ‘satoshis,’ which is the base unit of the cryptocurrency. But if the proposal flies, the current ‘satoshi’ would simply be called a ‘Bitcoin’. Thus, what was historically known as 1 Bitcoin would become 100M Bitcoins.
The proposal also calls for removing the eight-decimal presentation of Bitcoin units. Thus, the current 0.00003130 Bitcoin would be labeled as 3,130 Bitcoins.
These things won’t change Bitcoin’s fundamentals, such as ledger and consensus rules or its ‘$BTC’ currency symbol. Rather, the proposal aims to make Bitcoin more user-friendly, a much-needed push to further increase adoption.
$BTC continues to push for new highs and a potential rebranding, so investor interest is back on Bitcoin.
Investors have been hyping the project for a while now, and the presale has just recently surpassed $6M, likely thanks to $BTC’s return to $105K in the past few days.
How does it relate to Bitcoin? Well, $BTCBULL wants to reward investors bullish on Bitcoin with free $BTC airdrops when Bitcoin reaches $150K and $200K.
This would be not only because of the $BTC bull run but also because of regular $BTCBULL token burns when Bitcoin reaches $125K, $175K, and $225K. This will limit the supply of the tokens and increase their value.
After buying, you can also stake your tokens to earn passive rewards. The presale offers 68% APY returns at the moment. Please note that the rewards rate is dynamic and will change as more investors stake their tokens.
Although Bitcoin was launched in 2009, it’s clear that the cryptocurrency is nowhere near its peak yet.
Aside from a potential upcoming bull run, Bitcoin keeps evolving as blockchain developers seek to simplify its use. We can only expect more investors to join in soon.
If you want to invest in crypto projects, we strongly recommend doing your own research. Please only use the information in this article for educational purposes and not investment advice.
