Bitcoin ETF

Bull Market

While Bitcoin worries investors with its declines, analysts say that these corrections are healthy and the bull market continues.
One of them was the famous Bitcoin bull Cathie Wood.
Speaking in an interview with tech entrepreneur Peter Diamandis on YouTube, ARK Invest CEO Cathie Wood said Bitcoin is in the middle of its bull cycle.
At this point, Cathie Wood argued that the Bitcoin price tends to exhibit a parabolic rise towards the end of the bull market.
<blockquote>
 “If we analyze Bitcoin based on on-chain data, we believe we are halfway through the current bull market.
 And just because we're halfway there doesn't mean we're halfway through price growth, because, you know, at the end of a bull market, prices tend to go parabolic.
 “Just based on on-chain data and ten years of history, we feel very strongly that we are halfway through the bull market.”
</blockquote>
<h2 id="at-least-one-bank-will-offer-spot-bitcoin-etf-to-its-customers">At Least One Bank Will Offer Spot Bitcoin ETF to Its Customers!</h2>
Wood also stated that institutional demand for Bitcoin will continue to increase and claimed that within the next few months, at least one major bank will list spot Bitcoin ETFs on their own platforms, that is, offer them to their customers.
According to Wood, this move could enable Bitcoin adoption and price to increase rapidly.
<blockquote>
 “What's very interesting is that since ETFs launched in January, none of the major (we call them brokers) institutions like Morgan Stanley, UBS, Wells Fargo, Bank of America, Merrill Lynch have yet put a Bitcoin ETF on their platform.
 They all show due care. And I think what's going to happen in the next few months is someone is going to put it on their platform.
 Once someone adds a spot Bitcoin ETF to their platform, others will follow suit pretty quickly.”
</blockquote>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/is-the-bull-market-over-in-bitcoin-billionaire-investor-cathie-wood-announced/" rel="noopener noreferrer nofollow">Is the Bull Market Over in Bitcoin? Billionaire Investor Cathie Wood Announced!</a>

Is the Bull Market Over in Bitcoin? Billionaire Investor Cathie Wood Announced!

目次

Bitcoin Sistemi EN

2024年7月10日公開の他の記事

Sheldon The Sniper’s Crypto Picks: XRP, IMX, and Ethereum Analysis

This 1000x Gaming Token Has The Potential To Be The Axie Infinity (AXS) Of This Cycle, Even Surpa...

8 Reasons Why The Bitcoin Bear Phase Is Just A ‘Boogeyman’: Fund Manager

Crypto: Shiba Inu Down 72% Since Its Last Peak – Analysis From July 10, 2024

Ethereum Investors Are Ready To Sell ETH As It Hits $3.2K

BlackRock Tokenized Treasury Fund Smashes the $500 Million Mark

ニュースレターを購読して暗号資産の最新情報を毎日入手！