Opinion: approval of Bitcoin ETF will lead to asset growth to $1 million
Samson Moe, CEO of JAN3, believes that the price of Bitcoin could soar to $1 million after the approval of the first US spot Bitcoin ETF (exchange-traded fund) by the Securities and Exchange Commission (SEC).
He expects this to happen within days or weeks of the instrument being approved. In his opinion, a significant increase in price will be caused by an influx of funds from institutional investors in 2024. Moe also noted that the approval of a Bitcoin ETF would have a more significant impact on the price of the asset than the US Federal Reserve printing money.
Samson Moe, CEO of JAN3, believes that the price of Bitcoin could soar to $1 million after the approval of the first US spot Bitcoin ETF (exchange-traded fund) by the Securities and Exchange Commission (SEC).
He expects this to happen within days or weeks of the instrument being approved. In his opinion, a significant increase in price will be caused by an influx of funds from institutional investors in 2024. Moe also noted that the approval of a Bitcoin ETF would have a more significant impact on the price of the asset than the US Federal Reserve printing money.
Coinbase CEO: 425 million people in the world use cryptocurrencies
Brian Armstrong, head of crypto exchange Coinbase, said cryptocurrencies are the “money of the future” and are used by 425 million people around the world. He noted that transactions using digital assets are 96% cheaper than traditional transfers. Armstrong also emphasized Coinbase's commitment to becoming a public company in the United States while complying with all regulatory requirements.
In 2023, the cryptocurrency market grew by 90%, and trading volumes increased by 60% in the fourth quarter. With over 52% of US adults looking for an alternative to traditional finance, cryptocurrency offers a more open and global system that promotes economic freedom. Armstrong also mentioned that well-known payment systems, including Visa and PayPal, accept payments in cryptocurrency, and the volume of stablecoin transactions reached $9 trillion in 2022
Brian Armstrong, head of crypto exchange Coinbase, said cryptocurrencies are the “money of the future” and are used by 425 million people around the world. He noted that transactions using digital assets are 96% cheaper than traditional transfers. Armstrong also emphasized Coinbase's commitment to becoming a public company in the United States while complying with all regulatory requirements.
In 2023, the cryptocurrency market grew by 90%, and trading volumes increased by 60% in the fourth quarter. With over 52% of US adults looking for an alternative to traditional finance, cryptocurrency offers a more open and global system that promotes economic freedom. Armstrong also mentioned that well-known payment systems, including Visa and PayPal, accept payments in cryptocurrency, and the volume of stablecoin transactions reached $9 trillion in 2022
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Updated interface Added more pairs and networks (more than 1 million pairs and more than 20 networks are supported)
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Updated interface Added more pairs and networks (more than 1 million pairs and more than 20 networks are supported)
Added more aggregators to improve exchange prices and reduce commissions
BTC-ETF approval?
After more than a decade of waiting, it looks like the first-ever Bitcoin exchange-traded funds will soon be coming to the US - Bloomberg
To put it simply, a BTC-ETF is the placement of Bitcoin “shares” on stock exchanges. And if btc-etf is approved, then investors around the world will be able to speculate on changes in the price of bitcoin without owning it! This will lead to a fairly large jump in the price of Bitcoin and will mark the beginning of the largest bull market ever.
After more than a decade of waiting, it looks like the first-ever Bitcoin exchange-traded funds will soon be coming to the US - Bloomberg
To put it simply, a BTC-ETF is the placement of Bitcoin “shares” on stock exchanges. And if btc-etf is approved, then investors around the world will be able to speculate on changes in the price of bitcoin without owning it! This will lead to a fairly large jump in the price of Bitcoin and will mark the beginning of the largest bull market ever.
Someone bought $1.2 BILLION worth of BTC and changed the Bitcoin price
This happened on December 26, literally in 1 hour an unknown person purchased BTC worth 1.2 billion in 9 operations
When someone buys a coin in such quantity and so quickly, he is usually trying to create a panic and sell off the coin so that when everyone starts selling in a panic, he can buy back the coins at a lower price
As expected, on the same day, December 26, 2023, Bitcoin went into decline. At the moment, the cryptocurrency lost more than 4% of its value. After BTC began a correction. As of this writing, the coin is trading at $43,039
This happened on December 26, literally in 1 hour an unknown person purchased BTC worth 1.2 billion in 9 operations
When someone buys a coin in such quantity and so quickly, he is usually trying to create a panic and sell off the coin so that when everyone starts selling in a panic, he can buy back the coins at a lower price
As expected, on the same day, December 26, 2023, Bitcoin went into decline. At the moment, the cryptocurrency lost more than 4% of its value. After BTC began a correction. As of this writing, the coin is trading at $43,039