Bitcoin

when

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-sees-surging-investor-interest-following-etf-approvals" rel="noopener noreferrer nofollow">Bitcoin Sees Surging Investor Interest Following ETF Approvals</a><br></p>
<p style="text-align: justify">In a recent development, Michael Saylor, founder and chairman of MicroStrategy, a leading software company, has identified a surge in demand for <a href="https://en.bitcoinhaber.net/the-anticipated-impact-of-the-first-us-spot-bitcoin-etf-launch" rel="noopener noreferrer nofollow">Bitcoin</a>, outpacing its supply. During an interview, Saylor highlighted that the cryptocurrency is now more accessible to mainstream investors, thanks to the US approval of Bitcoin exchange-traded funds (ETFs) for the spot market.</p>
<h2 id="unlocking-bitcoin-s-market-potential">Unlocking Bitcoin’s Market Potential</h2>
<p style="text-align: justify">Saylor underscored that the availability of Bitcoin ETFs has unleashed a decade’s worth of pent-up demand. According to him, the capital pouring into Bitcoin is a result of newfound accessibility, with supply from miners being dwarfed by demand through these ETFs by a factor of ten. He believes that Bitcoin has now stabilized at its true value after an initial rebalancing period involving mining companies and various market players.</p>
<h2 id="driving-forces-behind-bitcoin-adoption">Driving Forces Behind Bitcoin Adoption</h2>
<p style="text-align: justify">The introduction of spot market Bitcoin ETFs has opened doors for investors to engage with Bitcoin without direct token ownership. This significant milestone was achieved in January when the US Securities and Exchange Commission (SEC) greenlighted these funds. Saylor champions Bitcoin as the most attractive investment asset globally, highlighting its unique position outside the influence of traditional risk factors such as corporate performance, geopolitical instability, and natural disasters.</p>
<p style="text-align: justify">The enthusiasm surrounding Bitcoin’s recent development is reflected in its market performance. At the time of reporting, Bitcoin’s value had risen by approximately 17% over the preceding week, trading at $49,554.</p>
<h5>The original content is from COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-demand-surpasses-supply-says-microstrategy-founder/" data-wpel-link="internal" rel="noopener noreferrer nofollow" target="_blank">Bitcoin Demand Surpasses Supply, Says MicroStrategy Founder</a><br></h5>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-sees-surging-investor-interest-following-etf-approvals" rel="noopener noreferrer nofollow">Bitcoin Sees Surging Investor Interest Following ETF Approvals</a></h5>

Bitcoin Sees Surging Investor Interest Following ETF Approvals

Table of Contents

BH NEWS

Outros artigos publicados em 14 de fev. de 2024

Bitcoin Outflows From Coinbase Ramp Up, Bullish Signal?

ChatGPT to Get Memory Feature

Will the Cardano Price Crack $1 Before the 2024 Bitcoin Halving? Here’s the Timeline

Shiba Inu's Shibarium Stuns SHIB Community With Triple-Digit Surge

Blockchain security alerts Issued Amidst FTX and Alameda Transfers

SHIB Price Prediction: SHIB Gains Momentum & Readying for Bounce

Join our free newsletter for daily crypto updates!