In our latest Learn 101 livestream session, we gathered an esteemed panel of crypto experts to share insights on whether BTC will soar to $100K by 2024.

The extreme volatility of Bitcoin and periods of strong growth throughout its history have created substantial wealth for many investors. Bitcoin breached $70,000 earlier in 2024, and many investors are eagerly awaiting price movement to $100,000.

, we ask, “Will Bitcoin Soar to $100K by 2024?”

, provides a recap of our Learn 101 livestreams, offering you comprehensive expertise and insights from leading figures in the crypto industry in case you miss the livestream.

Joining the livestream on Sep 11, 2024 were four distinguished guests:

Under the moderation of Sabrina Chua, Crypto Evangelist and SEO Editor at Bybit, this episode explores if Bitcoin’s price will reach $100K by 2024.

Bitcoin's Journey — Looking Back to Look Forward

At the start of the livestream, Michael Ionita created an automated trading order to demonstrate how easy it is. It remained running in the background until the end of the stream, when our guests reviewed the order.

Throughout the years, Bitcoin’s price has been influenced by the Jackson Hole Economic Symposium, government policy, ETF applications and other factors. Henrique Centieiro stated that short-term macroeconomics are impacted by the Federal Reserve. The economy is currently relatively shaky, and he anticipates more money will be printed. When this last took place, the stock market shot up, and Bitcoin’s price increased substantially. Centieiro attributes this to the level of increased money in circulation.

Referring to a chart that shows a correlation between lowered U.S. interest rates and Bitcoin’s price, Ionita demonstrated that increased money supply has boosted Bitcoin’s prices.

Jerry Li is bullish over the next six months. He reminded us that inflation weakens both the U.S. dollar and purchasing power, and as interest rates drop, he sees a correction in the crypto market that will positively affect Bitcoin’s price.

Centieiro stated that some people will take profits during the rate adjustment. He believes that the next month may be bearish, but there will then be a bull rush.

Ionita said that the market has been impacted by Russia’s new Bitcoin policy, asserting that this is bringing more funds into Bitcoin. However, many people in Russia are holding Bitcoin on a short-term basis because they’re making purchases with it. This makes Russia’s policy impact both bullish and bearish: Ionita maintains that other countries may act on this by prohibiting or limiting Bitcoin because of world events.

Meanwhile, Centieiro stated that the amount of money being kept on exchanges is at an all-time low, which means people are holding for a longer period of time. Bitcoin miners continue to invest in mining equipment. In addition, Michael Saylor has stated that Bitcoin’s price will reach 

Li drew attention to the fact that recently, hash power has increased dramatically, which is attributable to the entrance of more people and countries into the crypto market.

Ionita described the Bitcoin Spot ETF rally of 100%, attributing it to massive public interest. He believes BTC’s price is being heavily restricted because of this huge interest, and expects its price to rise by the end of October, based on the interest in Bitcoin Spot ETFs.

Centieiro said that there’s a lag as money managers decide whether to invest or not. Adding Bitcoin to a fund, even in small amounts, increases diversity and lower risks. He believes this is a win-win situation for money managers.

Li reminded us that Bitcoin will definitely reach $100,000 at some point, but nobody knows when. The upcoming U.S. election may drive its price up, but it could also bring greater volatility. Other catalysts may drive the price up as well.

Ionita referred to his screen again, saying that it’s hard to predict a price for something with multiple variables. However, he referred to the Fibonacci cycle for the current market, which reveals a Bitcoin price prediction between $200,000 to $300,000, adding that it’s impossible to predict the time frame. The average cycle time, however, is 1,069 days, which would extrapolate to the end of October 2025, but this time frame is fuzzy. He believes $200,000 is realistic for the cycle.

Centieiro described some price movement obstacles that have prevented Bitcoin’s price increase or slowed the time frame for BTC hitting $100,000 — the uncertainty of the U.S. election, for one. He also referred to a chart showing a lower flow in market-based mining activity. This indicates a type of magnet for the price. Centieiro also introduced a power log that shows BItcoin’s price should currently be around $90,000. He believes the current price is a pressure cooker, and the price will therefore greatly increase.

Zitane said the main risks that could stymie BTC price growth are regulatory uncertainty, economic instability and military conflicts, among others, directly affecting BTC’s price.

Ionita added that investors should get out of any risky asset in a downturn in order to prevent loss. He stressed the importance of understanding that both BTC and the U.S. dollar are preferred as investments in different situations, and showed a graph indicating that dollar-cost averaging (DCA) isn’t a wise approach for risky assets.

Li, however, stated that he uses DCA. He believes it’s a healthy strategy over a long period of time, due to his confidence that Bitcoin’s price will eventually go back up after a dip.

Centieiro agreed with Ionita that it’s not advisable to use DCA for an asset that’s going to zero. However, he doesn’t believe that Bitcoin will ever go to zero. Centieiro believes in DCA as a solid, long-term strategy to smooth out BTC market volatility.

Zitane has a simple strategy: he only uses DCA. He makes a purchase, and then buys again if the price goes down. He pays attention to the news, keeps buying when the price goes down and continues to reduce his average price.

Ionita reminded us that you can make more money with manual trading if you know what you’re doing. Most people aren’t professional traders, though, and can get wrecked in a bear market if they don’t stay on top of things. He recommends that these traders use an automated algorithm.

Smart Trading — Entering and Exiting with Confidence

Centieiro explained how he enters a trade: he buys BTC and holds it for at least a few years, looking for a relatively cheaper price as compared to previous prices. This is determined by a look at the 200-day moving average. He also looks at the Crypto Fear & Greed Index. Centieiro explained that investors must decide how long they plan to hold BTC 

 buying it. He invests a portion of his investment amount at one time, and spreads the rest of his investment out over several weeks.

Ionita, however, holds his BTC over several months. He looks at Fibonacci and other charts to invest funds in BTC and several other assets, based on risk. He maintains a specific allocation, with more allocation to the least risky assets.

This session of the Learn 101 livestream highlighted “Will Bitcoin Soar to $100K by 2024?”

As part of the livestream, Bybit is holding an 

 that offers you a chance to participate in our pop quiz and win a share of 300 USDT in airdrops. The event period is through September 18, 2024, 11:59PM UTC.

Stay tuned for more discussions on the dynamic world of cryptocurrencies!

Intermediate

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Learn Live ICYMI: Will Bitcoin Soar to $100K by 2024?

Self Chain (SLF) is a Layer 1 network that provides a cross-chain keyless wallet solution, along with modular intent-based transaction execution capabilities.

 can be tedious and frustrating, especially for beginners. At the same time, careful private key management is crucial if the user wants to avoid security breaches or the loss of access to their wallet. 

Wouldn't it be great if you could transact securely on blockchains using your social media logins while also enjoying the cryptographic protection features provided by crypto wallets? And without the need for private key or 

This is exactly what Self Chain (SLF), an innovative 

 blockchain project, offers to the crypto user community.

multi-party computation — threshold signature scheme

 (MPC-TSS), Self Chain offers keyless wallet services that let you transact across multiple chains and applications. Additionally, its solution comes with a large language model (LLM) intent-based chat assistant to find you the best deals and transaction options in the cryptocurrency world.

 (SLF) is a decentralized platform that describes itself as the first modular intent-centric access Layer 1 blockchain. 

It provides two key services: an AI-driven chat assistant that helps users carry out intent-based transactions, and a keyless wallet solution that facilitates multichain logins and transactions without the need for private key or seed phrase management. Self Chain’s Layer 1 network is based on the popular Cosmos SDK blockchain development framework. 

 (ATOM) ecosystem, Self Chain uses the delegated proof of stake (DPoS) block processing method, with validator nodes securing the network.

The project was initially called Frontier (FRONT). It began its network operations with the launch of an incentivized testnet in April 2021. In mid-2024, Frontier was rebranded to Self Chain and launched its mainnet.

Self Chain's AI chat assistant accepts voice and textual inputs from the user, and searches multiple blockchain platforms and 

 (DApps) to find the best possible deals. This service can be used in various areas, including 

 (DeFi). For instance, crypto gamers can use Self Chain’s intent-based search for the best deals on gaming 

 assets, while DeFi traders can instruct the assistant to find the best rates for specific coin swaps.

The platform's keyless wallet infrastructure service allows users to securely use email- and social media–based 

 logins to blockchain apps and platforms. This is enabled by splitting the wallet's seed phase into three parts, each stored separately — one encrypted on the user's device, the second encrypted and stored on the Self Chain network in a decentralized manner and the third reserved for wallet recovery purposes..

The platform's chat assistant is based on an LLM model that transforms user inputs into signed automated intent instructions. These instructions are passed to Intent Searchers, entities that scout the blockchain ecosystem for the best deals and most efficient paths for the intended transaction. Once the optimal source is found, Intent Searchers pass the request to intent solvers, whose job is to execute the transaction.

Blockchain DApps that aspire to become Searchers and solvers within the Self Chain ecosystem can use the Intent DSL SDK, a development framework offered by the platform. Using the SDK, DApps can integrate into the platform's architecture and translate user intent commands into executable searches and transactions.

The Self Chain keyless wallet service is powered by MPC-TSS technology, which permits splitting the user's private key, seed phrase or other secret identifier into multiple fractions, each stored independently to avoid a single point of failure. As a security technology, MPC-TSS predates blockchain, and can be applied in a chain-agnostic manner.

In Self Chain's implementation of MPC-TSS, there are three seed phrase fractions, with the two main ones — the Personal Share and the Remote Share — held on the user's device and the blockchain, respectively. When an operation is carried out, the Personal Share is matched against the Remote Share to facilitate the transaction. A network of MPC nodes encrypts the Remote Share in a distributed fashion to further enhance the security of operations.

The third fraction — the Recovery Share — is used solely to restore access to the user's device or add a new device.

Thanks to this chain-agnostic keyless system, users can retain the self-custody of their wallets, enjoy the security of the blockchain's cryptographic protection and use keyless logins on a myriad of platforms.

Self Chain lets users enjoy multichain account abstraction (AA), whereby wallets can carry out complex operations without you needing to worry about the specifics of underlying technology. For example, Self Chain–based wallets can execute bundled transactions, carry out cross-chain operations and optimize gas fees, all without user intervention.

What Is the Self Chain Crypto Token (SLF)?

During the project's mid-2024 rebranding from Frontier to Self Chain, its native cryptocurrency was migrated from the FRONT token on the 

 (BNB) to the SLF coin, native to the Self Chain's Layer 1 network. The migration was announced in late August 2024, and as of the time of this writing (Sep 16, 2024), FRONT holders can still migrate their tokens, with no specific conversion deadline provided by the project team.

SLF is used for a wide variety of functions on the Self Chain platform, including the following:

SLF has a total and maximum supply of 360 million. The coin's supply allocation shares are per the chart below:

The SLF coin is available on Bybit as a Perpetual contract with USDT (

). Under this contract, you can trade SLF with up to 12.5x leverage.

Self Chain's innovative system simplifies keyless multichain web3 access, while the versatile LLM assistant helps efficiently interpret user intent to conduct diverse transactions across networks. This is a functional set that few other projects in the industry can provide. In particular, the keyless wallet solution is something that truly sets Self Chain apart. 

While there are a few crypto projects that utilize an intent-focused approach and AI-based chat assistants, Self Chain’s keyless functionality is a rare feature that will undoubtedly attract interest from a variety of users. Navigating myriad DApps and networks and transacting on them without the need for meticulous private key management has just gotten a lot easier — all thanks to Self Chain and its implementation of MPC-TSS.

Advanced

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Self Chain (SLF): The Future of Secure Private Key Recovery

Stacks is integrating with the Aptos Network to bring Bitcoin's utility to decentralized applications through sBTC, a 1:1 Bitcoin-backed token.

The SPX index was up by 0.03%, with key sectors underperforming, including healthcare, consumer staples, and real estate, while energy, consumer discretionary, and industrial stocks outperformed. Coindesk Indices, an index measuring broader cryptocurrency market performance, was up by 2.95%, with Bitcoin and Ether rising by 3.62% and 3.16%, respectively, in the past 24 hours.

Today's top performer is SAGA, which surged 27.3% following its announcement of a new economic model focused on sharing in project success rather than charging gas fees.

Saga (SAGA), founded in 2021, is a Layer 1 blockchain protocol that allows developers to create customized chains for their applications, providing shared security and scaling solutions. 

 focuses on sharing in the success of projects built on its platform, rather than charging gas fees. Projects can launch cheaply on Saga's chainlets, and Saga takes a small cut of token activity once bridged through its infrastructure. As projects grow and their tokens become valuable, Saga can hold, use, or sell these tokens to fund ecosystem growth and buy back $SAGA tokens. This creates a network effect where success drives further success, positioning Saga as a key platform for value generation in web3.

Check Out the Latest Prices, Charts, and Data of 

 to bring Bitcoin's utility to decentralized applications through sBTC, a 1:1 Bitcoin-backed token. This integration allows Bitcoin to be used beyond a store of value, enabling participation in DeFi, gaming, AI, and social platforms on Aptos. The integration follows the resolution of an SEC investigation into Stacks, clearing the path for further Bitcoin scaling advancements. Stacks' recent Nakamoto upgrade has improved its transaction speeds and block production, facilitating this new cross-chain capability.

Yesterday, The total flow for BTC Spot ETFs was $186.8 million, with $0 from GBTC and $186.8 million from non-GBTC sources.

 on Optimism’s OP Mainnet, with 185 million WCT tokens being airdropped to users. The airdrop registration opens on September 24, targeting users who engage with WalletConnect or contribute to open-source projects. WCT tokens will drive WalletConnect's governance and economic structure, initially non-transferable until 2025. The newly formed WalletConnect Foundation will oversee the protocol's transition to a permissionless structure. WalletConnect aims to decentralize further and has seen 240% growth in the past year.

Beginner

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Stacks Integrates with Aptos, Expanding Bitcoin’s Utility to dApps and DeFi

Explore our article to find out what’s the Cipher Code for today’s Hamster Kombat’s Daily Cipher Code.

, where managing your crypto exchange meets the intellectual challenge of daily Morse code puzzles. Released each day at 7PM UTC, these puzzles do more than just test your mental agility; they offer significant rewards that can enhance your strategic influence in the game.

, challenging you to decipher a Morse code each day. Successfully solving these puzzles not only boosts your coin reserves, but also sharpens your critical thinking skills, enhancing both your gameplay and strategic planning.

Today’s Hamster Kombat Daily Cipher: Sep 18, 2024

 Daily Cipher for Sep 18, 2024, is as follows:

 —•••   ••   —•   •—   —•   —•—•   • 

Ensure each Morse code sequence is entered with precision and slight pauses between letters to confirm correct execution and secure your reward.

Gain an early advantage by trading HMSTR tokens through Bybit’s Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

Today's Daily Cipher and the interactive gaming activities available within 

 provide ample opportunities to boost your coin balance and deepen your engagement with the game. Each puzzle you solve not only contributes to your financial growth, but also refines your analytical skills, making every gaming session both rewarding and intellectually stimulating.

Stay tuned for daily updates and expert strategies to maintain your competitive edge in the thrilling world of 

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A Guide to Hamster Kombat's Daily Cipher Code (Sep 18, 2024)

Bybit Learn

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What's Happening

An in-depth recap of what was discussed during the TOKEN2049 and Blockchain Life event in 2024. 

TOKEN2049 and Blockchain Life Dubai epitomize the convergence of bright minds and bold ideas. This annual powerhouse event unites the who's who of the crypto sphere — industry leaders, passionate enthusiasts and forward-thinking investors — all under one roof, unveiling visionary discussions that will shape the future of crypto. 

Despite facing unexpected challenges such as heavy rainfall and flooding, the conference, held in Dubai from April 18–19, 2024, brought together over 500 industry speakers from more than 200 blockchain and 

This blog dives deep into the crux of the events, highlighting the buzzworthy topics in the crypto space, keynotes from notable speakers in the industry and the game-changing creativity that took place. Buckle up for a comprehensive recap and a glimpse into the future of crypto!

The Convergence of Web3 Services, DePIN and AI

One of the central themes of TOKEN2049 Dubai was the convergence of web3 services, 

 networks (DePIN) and artificial intelligence (AI). The discussions highlighted the potential of this convergence to revolutionize internet experiences and improve the efficiency and accessibility of services across various sectors.

Decentralized GPU cloud computing, a crucial aspect of DePIN, was punctuated as a key enabler for AI's demanding computational needs. 

, one of the portfolio companies, emphasized the role of decentralized GPU rendering in the web3 ecosystem. By utilizing a decentralized marketplace, Render Network aims to democratize GPU rendering, enabling artists and developers to tap into idle GPU compute power globally. This infrastructure enhances creative possibilities and computational efficiency in the digital landscape.

The integration of AI with blockchain and DePIN is seen as a transformative step toward more efficient, scalable and secure systems. It fosters the growth of a decentralized and democratized technological landscape, opening up new possibilities for innovation and collaboration.

Web3 gaming was a prominent topic at TOKEN2049 Dubai, showcasing the evolution and future of blockchain-based gaming environments. Innovative projects that integrate gaming with decentralized technologies were presented, spotlighting their ability to enhance player engagement and asset ownership.

One noteworthy development in web3 gaming is its infrastructure's cross-chain functionality, which allows assets and data to move seamlessly across different blockchain platforms and broadens the utility and relevance of in-game assets and progress. Scalability solutions such as 

 protocols play a crucial role in managing transaction speeds and fees, ensuring faster and cheaper in-game actions.

The discussions and trends in web3 gaming at TOKEN2049 Dubai showcased the potential of blockchain-based gaming to create immersive experiences and empower players to achieve ownership of their in-game assets.

Bybit at TOKEN2049: The Evolution and Challenges of the Crypto Derivatives Market

The panel at Asia’s premier crypto event was joined by renowned leaders from notable 

 (CEXs), such as Ben Zhou, CEO and Co-founder of Bybit, and Lennix Lai, Chief Commercial Officer at OKX, in a spirited and incisive discussion of the evolution of the crypto derivatives market and its challenges.

Andrew Taureau, Director of Partnerships for APAC/MENA at CoinDesk, kicked off the discussion with a check-in of recent crypto bull market sentiment, which is notably divergent from that during the previous bull cycle. 

Bull Market and Institutional Involvement

The panelists shared common sentiments about the market reaction, primarily agreeing that the recent bull market has been driven by institutions entering the crypto space, unlike the previous retail-driven surge.

Ben Zhou emphasized that “[t]he bull market movement in February and March was primarily driven by institutional players' interest in the space, especially via connections from third-party custodians.” Additionally, Zhou punctuated the stabilizing effect of improved infrastructure and the recent approval of Bitcoin Spot ETFs, both of which fueled investment in the crypto space. He further noted that retail interest in 

 has subsequently propelled the crypto market to new global heights.

OKX’s Lennix Lai accentuated the importance of enhanced system resilience and risk management practices implemented by leading exchanges, advancements that have bolstered user confidence even during periods of market volatility.

Market Sophistication and Evolving Exchange Strategies

Ben and Lennix also highlighted a key trend: the growing sophistication of retail traders. This necessitates a corresponding shift from exchanges. In order to bridge the knowledge gap, exchanges must prioritize robust 

 as an example of facilitating advanced strategies such as spread trading. Options-based hedging products are another point of convergence. However, Lennix emphasized the ongoing challenge of educating retail investors about 

. Even during the previous bull market, some institutions struggled to grasp the intricacies of margin capacity.

As global regulations mature, options markets are poised to become a crucial product around the world. Primarily institutional and professional traders leverage options to hedge their perpetual contract portfolios. When altcoins become underlying assets for options, trade execution via over-the-counter services necessitates strong bilateral agreements.

While derivatives and options inherently carry higher risks for retail traders, this can be mitigated with robust education and user-friendly infrastructure. Platforms like OKX and Bybit demonstrate this with clear user interfaces and progressive unlocking of options functionality that’s based on user experience and trading history.

Ben strongly advocates for gamification as a key to effective education. By transforming product education into an engaging experience, users can more readily grasp complex concepts. The focus should be on clear, simplified explanations that preserve the core value proposition of the product and empower users to make informed decisions.

The Role of Decentralized Exchanges (DEXs)

 (DEXs) for both their user interfaces and the potential for higher leverage. Additionally, as regulatory compliance becomes a growing concern for CEXs, users in restricted regions may find DEXs more appealing.

However, DEXs currently operate in a landscape with uncertain regulations that can pose challenges for user protection. This highlights the importance of CEXs like Bybit and OKX in working collaboratively with regulators to adapt their derivative products. The goal is to contribute toward establishing a regulatory framework that fosters innovation in the cryptocurrency space while simultaneously prioritizing user protection.

One positive development is the exploration by CEXs of web3 solutions, such as 

. These solutions offer users alternative avenues for managing their assets, potentially bridging the gap between the varied features of DEXs and the security benefits associated with regulated CEXs.

 (BGA) is a long-standing, collaborative nonprofit endeavor that unites key partners with a shared objective: leveraging blockchain technology to address real-world challenges and contribute to positive societal outcomes. Through the strategic convening of leaders, innovators and organizations within the blockchain community, BGA fosters a collaborative environment that drives innovation, facilitates action and ultimately works toward a more sustainable and equitable future.

Bybit COO Helen Liu provided insight into the inspiration behind the BGA initiative, noting that "blockchain developers often express feelings of isolation, perceiving web3 as a niche field." Her vision is to "establish a platform that connects them with a new audience unfamiliar with web3. This fosters the development of solutions that benefit and contribute to the entire ecosystem's growth." 

The BGA serves as the embodiment of this vision, charting a course toward a more inclusive world in which the impact of blockchain technology empowers humanity in a more meaningful way.

The evening started when Bybit’s Head of Institution, Eugene Cheung, welcomed guests with an opening speech detailing the importance of Bybit’s partnerships with 

The event was brimming with investors, leaders and decision makers, with opportunities to bring together key players in the investment, trading and startup ecosystem for an unforgettable evening of connections.

Stars of Crypto Shine at Bybit’s VIP Gala Dinner in Dubai

Bybit hosted one of the most extravagant gala dinners for the platform’s VIPs and affiliates with a series of events. In order to celebrate the excellence and dedication within the Bybit community, each award served as a testament to the vital role of individuals who have contributed to the success of Bybit’s ecosystem. As the night wrapped up, the message was clear: Bybit is more than just a platform — it’s a movement toward redefining the future of finance.

TOKEN2049 and Blockchain Life Dubai 2024 provided a dynamic platform for industry stakeholders to network, exchange ideas and explore potential collaborations. The event showcased the importance of technological advancements in the blockchain ecosystem and their broader impacts on industry practices and the global digital economy.

Looking ahead, CEXs such as Bybit eagerly anticipate the future editions of TOKEN2049 and the continual evolution of the blockchain ecosystem. We’re excited about the possibilities and opportunities that lie ahead as protocols and infrastructures adapt to emerging narratives.

: The information presented in this article is based on the insights and discussions from TOKEN2049 Dubai 2024. As such, it isn’t financial or investment advice. In addition to taking advantage of the services that DEXs such as Bybit provide, please 

TOKEN2049 and Blockchain Life Dubai 2024 Recap: A Convergence of Blockchain and Web3

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards