CJ - Cryptocurrency Specialist
In the current bear market, cryptocurrency values have substantially declined from their all-time highs (ATHs), with the market leaders in terms of market cap, Bitcoin (BTC) and Ethereum (ETH), falling 50% from their ATHs set last year. On the other side, others in the Bitcoin trading industry view this bear market as an opportunity. One member of the cryptocurrency community that views the current market as favorable is the Twitter user @cryptorecruitr. According to him, BTC will eventually reach $150,000 and Cardano (ADA) will reach a price of $10 per coin. But he does say that this is just his opinion.
In fact, the bear market has opened up a variety of investment opportunities because prices may not always accurately reflect the true value of projects in the area. A good illustration of a coin's price not accurately representing the value of its associated project is Cardano. The project seems discounted, although it's questionable whether ADA will ever reach $10. When estimating the value of ADA, it is important to take into account the Vasil Hard Fork, which is expected to occur later this year, the fact that Cardano outperforms its rivals in terms of daily transaction volume, as well as the total value locked (TVL) in all Decentralized Finance (DeFi) applications built on the Cardano blockchain.
The market value of ADA will reach $450 billion if @cryptorecruitr's price prediction for the cryptocurrency comes true one day, assuming that the supply of ADA stays constant. BTC's market valuation of roughly $550 billion makes this viable even in the current bear market.
However, given the massive supply, it may take a few market cycles for this to materialize.
People are always looking for market bottoms or tops, but majority miss it, so why not start investing in cryptocurrency now, if you believe that the projects you are scouting to invest are undervalued? You can buy Cardano or any other cryptocurrency at BCBitcoin – a well-known cryptobroker.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards