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In Q3, Cointelegraph reported a similar study that evaluated BTC targets for 2025-2026 based on decaying peaks from past cycle highs. The research was conducted through an “exponential decay fit analysis,” which led to a minimum price target of $199,998 for BTC by the end of Q4 2025.
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The researcher said that after “back-testing” data over the past three cycles, Bitcoin has chronologically topped around the 3.618, 2.272, and 1.618 Fibonacci levels in 2012, 2016, and 2020. Thus, the minimum target attained by BTC during each cycle is the 1.618 FIB level. Marques added,
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Danny Marques, a Bitcoin mining industry researcher, recently highlighted a study based on the past three bull cycles. The study includes BTC’s post-halving performance and targets based on Fibonacci extensions.
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Sim also said that including Bitcoin in Vancouver’s financial reserves and payment options would ultimately benefit taxpayers “by preserving the value and purchasing power of precious tax dollars.”
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To make Vancouver a “Bitcoin-friendly city,” Sim suggested new financial strategies, which include but are not limited to accepting taxes and fees in Bitcoin. He said owning Bitcoin would preserve Vancouver’s “purchasing power and guard against the volatility, debasement, and inflationary pressures of traditional currencies.”
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According to Sim, recent inflationary pressures on centralized fiat currency systems negatively impact the city’s purchasing power. He recommended diversifying the city’s financial reserve to include Bitcoin.
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Additionally, he noted several central, state and city governments that have benefited from adopting Bitcoin and other cryptocurrencies in various capacities. Examples included Zug and Lugano in Switzerland; the South Korean capital, Seoul; El Salvador, Pennsylvania and several African villages.
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The initiative aligns with Sim’s history of supporting cryptocurrency adoption. In 2022, he accepted crypto donations during his mayoral campaign, signaling his openness to leveraging digital assets for public benefit.
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Vancouver, Canada, Mayor Ken Sim is urging the city council to explore the integration of Bitcoin into municipal financial strategies, emphasizing the cryptocurrency’s potential to bolster financial stability amid volatile fiat markets.
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Blockpit envisions a world where crypto tax reporting is stress-free and automated. Tax loss harvesting, when approached with the right resources, helps reduce tax burdens and brings clarity and confidence to an investor’s financial strategy. As regulations grow and markets mature, Blockpit and similar platforms will continue to play a pivotal role, helping investors stay ahead in this dynamic ecosystem.
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Looking ahead, Blockpit aims to enrich its offerings with AI-supported tools for tax professionals, expanded portfolio tracking and the upcoming Blockpit Academy — which will provide users with practical information about crypto tax management.
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Blockpit has gradually gained recognition in crypto tax management since its establishment in 2017. Through the acquisitions of Cryptotax and Accointing, two major competitors, the platform has broadened its competence and capabilities — strengthening its position in the European market. The software is also licensed by tax authorities in Germany and Austria, which further validates its commitment to compliance and accuracy.
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The platform offers the capability to generate country-specific tax reports with pre-filled tax forms. Tailored to align with local regulations, these reports provide users with clarity and confidence when filing their taxes. For global investors, this feature is particularly valuable, offering straightforward compliance across diverse jurisdictions.
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