The post Staking Could Be The Way To Earn BTC Before Halving And ETFs appeared on BitcoinEthereumNews.com.

While Bitcoin is the star of the crypto show, it does see bad days sometimes. But right now, it’s going through a purple patch due to various reasons. First of all, there’s the ETF frenzy that started with finance major BlackRock filing for it. Then, Bitcoin halving is scheduled to happen between April to May 2024. Historically, this event kicks off a bullish trend that stays for quite some time. Among all that chaos, traders are trying to take advantage of this time. How Are Upcoming Events Shaping BTC? Bitcoin has once again drawn all the eyeballs towards it. With so many prospects in the future, it’s attracting a large number of investors. It has outperformed the rest of the tokens including Ethereum. So, everyone is keen to own some Bitcoin at this point. However, it’s important to look at some more aspects before getting into the fray. Promising ETFs If one begins with ETFs, the overall scenario looks favorable for the crypto community. The digital asset users are weighing on the prominence of BlackRock. They strongly feel that a company of this size and influence is bound to get approval. With BlackRock leading in the front, the investors are being quite hopeful. Notably, the original crypto is charting new territories with ordinals. This new concept is opening the blockchain to NFTs and other possibilities. The Consensus Mechanism Angle Amidst the talks of long-lasting uptrends, some other speculations are emerging. Some talked about Bitcoin switching to a different consensus mechanism. But BTC refuted such claims and said it has no intent of going to Proof-of-Stake.  Notably, it is better than Proof-of-Work in terms of efficacy and energy consumption. Despite that, there seems to be no indication of Bitcoin changing its consensus protocol. On the other hand, some projects want to…

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Filed under: News - @ November 6, 2023 12:08 am