Local Chinese investors are causing a heated gold stock ETF market with intense buying, pushing the price up an astonishing 30%. This frenzy resulted in trading being temporarily suspended. According to Bloomberg analyst Eric Balchunas, the desire to avoid missing out on potential gains from a Bitcoin ETF may be fueling this behavior. Bloomberg Explains … Read more
Although Jamie Dimon, the CEO of JPMorgan, previously expressed skepticism towards Bitcoin, he now shows great excitement for artificial intelligence. According to a recent report by Bloomberg, Dimon made an analogy between AI and the steam engine, which is considered the most groundbreaking and influential invention of the Industrial Revolution, in a recent letter. Above … Read more
Adam Back, CEO of Blockstream, has openly criticized the Defiance 2X Short MSTR ETF, referring to it as “awful” and raising doubts about its future. This exchange-traded fund aims to short MicroStrategy Incorporated, a company with large Bitcoin holdings. The main concern for Back is the potential risks associated with the ETF’s strategy, given Bitcoin‘s … Read more
Bitcoin (BTC), the most valuable cryptocurrency globally based on market size, is currently experiencing a surge in value. Experts and investors are keeping a close watch as they predict that the $85,000 threshold will be the next notable barrier for Bitcoin to overcome. Crypto expert Ali Martinez expressed his optimistic perspective on social media platform … Read more