原文标题：The Bitcoin Halving's Degen Bets
原文作者：Jack Inabinet
原文来源：bankless
编译:Kate, 火星财经
Where do Bitcoin bulls place leveraged bets?
BTC Beta。 The Bitcoin halving will come on Saturday, April 20th, but holding Bitcoin is far from an exciting activity for crypto enthusiasts! What can you do to gain high beta exposure to BTC and potentially an enhanced upside (or down) before this event happens?
Historically, the Bitcoin halving has been accompanied by a significant increase in the price of Bitcoin due to the reduction of the block reward for inflation, which reduces the selling pressure on miners and allows Bitcoin to enter price discovery mode.
Many crypto traders expect this year's halving to produce similar results, but they are not happy with Bitcoin's relatively modest return profile. For them, higher beta alternatives enhance volatility while providing the opportunity to continue holding spot crypto assets, removing the complexities of leverage and liquidation risk.
For those with a lot of money and willing to hold more illiquid instruments, investing in popular Bitcoin Ordinals, including Bitcoin Puppets and NodeMonks, could yield huge returns if Bitcoin falls after the halving.
Ordinals NFTs are priced in BTC, which means that their USD price will rise as BTC soars, and the rise in BTC price may attract more investors to buy them to capture the greater room for price increases.
Hatps://x.com/moonoverlor/status/1780972432624394445
Runes is a new token standard that will be launched at the halving and is likely to replace BRC-20 as the chain's official fungible token standard, but this enthusiasm may still be in its early stages, considering that the standard has not yet been launched.
While the first Runes hasn't been released yet, that hasn't stopped traders (and developers) from trying to capitalize on the hype!
Runestones, a 112k Ordinals NFT collectible launched in March of this year, capitalizes on the momentum of Runes, not only because of its similar name, but also because its developers promise that holders will receive at least 3 different Runes Meme coin airdrops.
Hatps://x.com/leonidas/status/1777265189106106730
One of the most popular liquid tokens currently providing upside exposure to Runes is PUPS, a meme coin based on, but not affiliated with, the popular Ordinals NFT project, Bitcoin Puppets.
Currently, PUPS is based on the BRC-20 standard, but the recent announcement that it will transition to the Runes standard has increased the price of the token by almost 100% and made many traders excited that the token could continue to rise after the halving.
The PUPS token is not only available on Bitcoin, but it also offers a bridging representation on the Solana network, which is the undisputed hottest chain for meme coin transactions.
Hatps://x.com/papstokan/status/1778945223101448624
Alternatively, some degens may choose to stick to something relatively classic and instead of the Bitcoin meme token that started with the imitation: ORDI. Notably, attention appears to be shifting to newer projects, with ORDI down more than 40% in April.
The use case for Bitcoin is still immature, but for investors who prefer an infrastructure with some degree of infrastructure, a Bitcoin L2 solution like Stacks Network (STX) or a bridging infrastructure like Multibit (MUBI) is still a viable option to capitalize on the growing attention that could flow to Bitcoin after the halving.
While Bitcoin miners have historically provided greater upside for Bitcoin, they may find themselves struggling to move forward after the halving of their revenues, so it's best to avoid investing in their stocks before and after the halving.