👉 The market capitalization of the cryptocurrency sector could increase by $1 trillion if spot bitcoin ETFs are approved in the U.S., according to analysts at CryptoQuant. They believe that the chances of such an outcome have significantly increased following the legal victories of Ripple and Grayscale against the SEC. It should be noted that the deadline for the SEC's decisions on applications from BlackRock and other companies is set for March 2024.
Experts highlight that a positive decision would lead to a new wave of adoption of this asset class by institutional investors. Approximately $155 billion could flow into the bitcoin market, raising its capitalization from the current $543 billion to nearly $700 billion. In this scenario, the price of bitcoin could reach $100,000 or even $200,000, according to a study conducted by Finbold.
Finbold also consulted PricePredictions' artificial intelligence for forecasts. According to the AI calculations, after the approval of a bitcoin ETF, the flagship crypto asset could quickly reach the $100,000 mark. PricePredictions emphasized that additional factors such as the general acceptance of bitcoin, actions of institutional investors, regulatory activity, and overall macroeconomic conditions will play a significant role.
As for the short-term forecast, the AI predicts that by November 1, 2023, the coin will reach a value of approximately $29,576, which is about 4% higher than its current price.
👉 According to data from the Wall Street Journal, the U.S. Government owns approximately 200,000 bitcoins, valued at over $5.65 billion. These assets were primarily confiscated from cybercriminals and participants in illegal darknet activities. An interesting fact is that, according to research by specialists at Morgan Creek Capital, the U.S. Government held only 69,640 BTC last year. This significant increase indicates that the U.S. has substantially ramped up its efforts to curb criminal activity and the illicit use of cryptocurrencies.
👉 Edward Snowden, a former employee of the CIA and the National Security Agency (NSA) of the United States, is known for having stolen 1.7 million confidential files and leaking this classified information to The Guardian and The Washington Post newspapers in 2013. The data pertained to global mass surveillance conducted by American intelligence agencies. Following this, he fled and found asylum in Russia. According to Snowden, he used bitcoins 10 years ago to pay for the servers he used to leak the secret documents.
Now, speaking at a conference in Amsterdam, the former spy has stated that bitcoin lacks real anonymity, allowing governments to easily track the individuals behind certain transactions. Snowden spoke about government and regulatory bodies attempting to control bitcoin and the entire industry, noting that the creation of a bitcoin ETF is actually another attempt to "tame" BTC.Scara
Experts highlight that a positive decision would lead to a new wave of adoption of this asset class by institutional investors. Approximately $155 billion could flow into the bitcoin market, raising its capitalization from the current $543 billion to nearly $700 billion. In this scenario, the price of bitcoin could reach $100,000 or even $200,000, according to a study conducted by Finbold.
Finbold also consulted PricePredictions' artificial intelligence for forecasts. According to the AI calculations, after the approval of a bitcoin ETF, the flagship crypto asset could quickly reach the $100,000 mark. PricePredictions emphasized that additional factors such as the general acceptance of bitcoin, actions of institutional investors, regulatory activity, and overall macroeconomic conditions will play a significant role.
As for the short-term forecast, the AI predicts that by November 1, 2023, the coin will reach a value of approximately $29,576, which is about 4% higher than its current price.
👉 According to data from the Wall Street Journal, the U.S. Government owns approximately 200,000 bitcoins, valued at over $5.65 billion. These assets were primarily confiscated from cybercriminals and participants in illegal darknet activities. An interesting fact is that, according to research by specialists at Morgan Creek Capital, the U.S. Government held only 69,640 BTC last year. This significant increase indicates that the U.S. has substantially ramped up its efforts to curb criminal activity and the illicit use of cryptocurrencies.
👉 Edward Snowden, a former employee of the CIA and the National Security Agency (NSA) of the United States, is known for having stolen 1.7 million confidential files and leaking this classified information to The Guardian and The Washington Post newspapers in 2013. The data pertained to global mass surveillance conducted by American intelligence agencies. Following this, he fled and found asylum in Russia. According to Snowden, he used bitcoins 10 years ago to pay for the servers he used to leak the secret documents.
Now, speaking at a conference in Amsterdam, the former spy has stated that bitcoin lacks real anonymity, allowing governments to easily track the individuals behind certain transactions. Snowden spoke about government and regulatory bodies attempting to control bitcoin and the entire industry, noting that the creation of a bitcoin ETF is actually another attempt to "tame" BTC.Scara