CNBC’s Kate Rooney reports on news from Bitcoin.
THE FUTURE. LET’S GET TO CATE ROONEY WHO HAS MORE ON WHERE THIS CAN GO FROM HERE. KATE? >> HEY, DAVID, GOOD MORNING. BITCOIN’S NEW BULL RUN IS DRIVEN BY TWO UPCOMING EVENTS. FIRST A HOPE FOR AN ETF APPROVAL AND THEN SOMETHING CALLED THE HAVING, THAT’S COMING UP IN
APRIL, UP 65% OR SO IN THE THREE MONTHS. ETF IS THE BIG DRIVER OF THIS PRICE ACTION. THE SEC HAS A JANUARY 10th DEADLINE TO APPROVE OR REJECT THE ARC 21 SHARES ETF, CATHIE WOOD’S PROPOSAL THERE. REUTERS REPORTING THAT S.E.C. COULD NOTIFY ISSUERS AS SOON AS
THIS WEEK IF THEY’VE BEEN CLEARED TO LAUNCH THOSE ETFs. IF APPROVED THIS WOULD BE PUBLICLY TRADED FUND TRACKING THE PRICE OF BITCOIN. INVESTORS WOULDN’T NEED TO GO TO A CRYPTO EXCHANGE OR HOLD BITCOIN DIRECTLY THEMSELVES. IT MAY LOWER THE BARRIER TO ENTRY HERE.
BECAUSE OF THAT SOME ARE ARGUING IT’S GOING TO BRING IN A WIDER RANGE OF INVESTORS AND MORE INSTITUTIONAL INTERESTS. SOMETHING CALLED THE BITCOIN HAVING, THE NEW ISSUANCE GETS CUT IN HALF, KEEP A CAP ON SUPPLY THERE. THE CODE WRITTEN SO THERE’S ONLY EVER 21 MILLION COINS IN
CIRCULATION. THIS MAKES IT LESS PROFITABLE TO EARN NEW BITCOIN AND MORE COMPETITIVE FOR WHAT ARE KNOWN AS THE MINERS, COMPANIES USING HIGH POWERED COMPUTERS TO CREATE NEW BITCOIN. THOSE MINING STOCKS, THINK OF MARATHON DIGITAL, THOSE GUYS UP DOUBLE DIGITS TODAY OR SO, MICRO STRATEGY AND COINBASE HIGHER
THIS MORNING. COINBASE TURNING LOWER DOWN 6% OR SO. THE OTHER DRIVER FOR BITCOIN, SAME THING DRIVING TECHNOLOGY, SMALL CAP TECH ESPECIALLY, SOME OF THE LOWER INTEREST RATE
17 Comments
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You and your friend, you're best journalist crypto
Institutional ETF's with Bitcoin are such a bad ideal … I know for sure it will happen.
As technology becomes smarter, Humans become dumber.
Greatly analyzed. TA is good but I find it truly baffling that all major crypto youtubers just look at pure T.A and completely Ignore the bigger narrative of why BTC Is pumping and dumping, why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major pump at the peaks of BTC.. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. more emphasis should be put into day trading as It is less affected by the unpredictable nature of the Market.. I have made over 11btc from day trading with Ben Austin , insights and signals in less than 3 weeks, this is one of the Best medium to backup your assets incase it goes bearish.
You left out the fact that every havening is followed by a bull market because BTC becomes more scarce.
So is it worth buying now or would I make more after the halving? Sorry new to this
Rejecteddddd
To the moon again, haha, people will lose money again chasing BTC!
Hey boo hey
iykyk
#Bitcoin
Best time to buy tenup coin before bullrun start
@CUDOS 💎💎💎
Bitcoin the TheeCoin! Hoping for a 5x
Crypto keeps fluctuating, coursing a lot of loss,what's the best way to make money from crypto trading
Just wait until the Ethereum ETF is approved next 👀
Wow, the Bitcoin market is buzzing with anticipation! A massive triangle pattern is shaping up, hinting at a big breakout. It's fascinating to see how things like support levels and Fibonacci ratios play into predicting whether the price might soar or dip. This kind of deep dive into the market's pulse really helps us understand the rollercoaster nature of crypto investing. It's moments like these that remind me why I find the cryptocurrency world so thrilling and unpredictable. Can't wait to see how this plays out now, I'm indebted to Boston Weber for his expert guidance, his deep knowledge and traditional trading acumen have been invaluable in this journey, With his holistic investment approach and his commitment to staying current with market trends, he stands out as a formidable ally in the trading world….