Cory Klippsten, CEO at Swan Bitcoin, discusses the outlook for bitcoin investors in 2024, the timeline for a spot bitcoin ETF and the fallout from Binance’s $4.3 bullion settlement with US authorities.ย Cory speaks with Carol Massar and Bailey Lipschultz on Bloomberg Radio.

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    32 Comments

    1. I read about a man in his 50s who started investing in stocks and real estate and then retired in 2 years with over $6 million and that is my main goal and I would really appreciate any suggestions or advice on how to achieve this goal. in 5 years. Especially with the current economic crisis around the world. It is still a good time to invest in gold, silver and digital currencies BTC, ETH, SOL…

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    6. ๐Ÿ“ Summary of Key Points:

      ๐Ÿ“Œ The recent increase in Bitcoin prices is attributed to the anticipation of an ETF approval by the SEC, leading to a surge in new users and trading volumes.

      ๐Ÿง Bloomberg intelligence expects ETF approvals to begin in mid-January, which will change the game for Bitcoin by replacing past marketing schemes with signals from trusted financial institutions.

      ๐Ÿš€ The ETF will serve as an entry point for people to enter the Bitcoin market, potentially leading them to hold actual Bitcoin as they learn more.

      ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘ Bitcoin buyers come from various demographics, with younger generations being more receptive, while older generations have more financial resources to invest.

      ๐Ÿ“ˆ Trading volumes in Bitcoin have increased by about 100% in the past couple of months, but there is always a risk of a pullback or correction in any asset, including Bitcoin.

      โš– Bitcoin stands apart from other cryptocurrencies in terms of legal concerns, as non-Bitcoin cryptos may be targeted as securities by the SEC, and platforms not complying with regulations may face legal issues.

      ๐Ÿ’ฌ Bad actors can use any form of currency, including Bitcoin, for illicit transactions, but ultimately, it is a matter of technology.

      ๐Ÿ’ก Additional Insights and Observations:

      ๐Ÿ’ฌ "This approval will change the game for Bitcoin, replacing the noisy and polluted marketing schemes of the past with signals from trusted financial institutions."

      ๐Ÿ“Š Trading volumes have increased by about 100% in the past couple of months.

      ๐ŸŒ Bloomberg intelligence is referenced as a source for ETF approval expectations.

      ๐Ÿ“ฃ Concluding Remarks:

      The anticipation of an ETF approval by the SEC has led to a surge in Bitcoin prices, new users, and trading volumes. The approval is expected to bring a significant change to the Bitcoin market, replacing past marketing schemes with signals from trusted financial institutions. While there is always a risk of a pullback or correction, the demographics of Bitcoin buyers vary, and trading volumes have seen a substantial increase. Bitcoin also stands apart from other cryptocurrencies in terms of legal concerns, as long as companies operate within the rules. Ultimately, bad actors can use any currency for illicit transactions, but it is a matter of technology.
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