Solana

Bitcoin ETF

Bitcoin

Read

<p class="is-style-lead">Popular cryptocurrency YouTuber CryptosRUs predicted in a recent video that Bitcoin (BTC) is on the verge of another major rally.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="BRACE For Another MASSIVE Bitcoin Rally | Solana PUMP" width="1020" height="574" src="https://www.youtube.com/embed/tvgDeWToKjM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
 </div>
</figure> 
<p>In the Oct. 31 <a href="https://www.youtube.com/watch?v=tvgDeWToKjM&amp;pp=ygUGY3J5cHRv" target="_blank" rel="noopener">video</a>, CryptosRUs pointed to increasing institutional interest and adoption as reasons why Bitcoin may be poised for significant gains. He highlighted the numerous spot Bitcoin ETF filings by major financial firms like <a href="https://crypto.news/blackrock-spot-bitcoin-etf-added-to-nasdaqs-clearing-agency/" data-type="link" data-id="https://crypto.news/blackrock-spot-bitcoin-etf-added-to-nasdaqs-clearing-agency/">BlackRock</a> and <a href="https://crypto.news/valkyrie-eyes-october-launch-for-bitcoin-futures-etf/" data-type="link" data-id="https://crypto.news/valkyrie-eyes-october-launch-for-bitcoin-futures-etf/">Valkyrie</a> as evidence that big investors are preparing to enter the market.</p> 
<p>The YouTuber also noted the record amount of money the U.S. Treasury plans to borrow in Q4 2023 — $776 billion. He suggested this excessive money printing could drive further <a href="https://crypto.news/bitcoin-bonanza-or-bust-nvt-surge-stirs-mania-fears/">adoption of Bitcoin</a> as an inflation hedge.</p> 
<p> You might also like: <a href="https://crypto.news/bitcoin-trading-volume-reaches-maximum-in-six-months/"> Bitcoin trading volume reaches maximum in six months </a> </p> 
<p>In addition, CryptosRUs cited billionaire investor Stan Druckenmiller’s recent comments that Bitcoin could be a good investment for millennials. Druckenmiller said he doesn’t own any crypto currently, but conceded Bitcoin has brand value and he “should probably own some.”</p> 
<p>Beyond Bitcoin, the YouTuber noted the major rally in Solana (SOL) over the past month, gaining around 80%. He revealed he personally profited from Solana’s rise through leverage trading, turning $3,000 into $9,000 in one day. However, he cautioned his viewers not to follow his risky trading strategies.</p> 
<p>CryptosRUs concluded by telling viewers to “strap on” and “get ready” for Bitcoin’s imminent breakout, predicting new all-time highs are likely in 2024-2025 based on historical 4-year cycles.</p> 
<p> Read more: <a href="https://crypto.news/bitcoins-weekly-surge-could-be-driven-by-liquidity-shortage/"> Bitcoin’s weekly surge could be driven by liquidity shortage </a> </p>

New Bitcoin highs are coming: analyst

crypto.news

Other articles published on Oct 31, 2023

JPEG’d Issues Warning to NFT Enthusiasts As Phishing Attacks Surge on Crypto Platforms & Communities

Return of Bearish Sentiment in Crypto Market Sparks Bitcoin Speculation

MetaMask launches Blockaid’s enhanced security alerts for users

BONK Outperforms Shiba Inu and Dogecoin as Top Meme Coin

From 2017 ICO to New Product Launches This Year: Origin Protocol Celebrates Six Years of Growth

FTX Sales Continue! Solana and These Five Altcoins Have Been Transferred to Exchanges!

Join our free newsletter for daily crypto updates!