It’s been another beautiful week for Bitcoin (BTC)! The price is back above $60K and it seems that this is mainly due to the good news about the approval of US Bitcoin Exchange Traded Funds (ETF). But of course there was more. In this article, you will find an overview of the most important cryptocurrency news released this week.
Bitcoin ETF May Hit Market Tomorrow
According to an anonymous Bloomberg source The US Bitcoin ETF will finally be approved next week. In addition to the anonymous source, there have been some other signals that make it fairly certain that this will indeed happen, such as a tweet from the Securities and Exchange Commission (SEC). This news provided a positive boost to the price of Bitcoin, which has since been trading above $60,000. Want to learn more about ETFs? Read here a nice article by Kasper explaining the Bitcoin ETF in jip-and-janneke language.
Old people talk about Bitcoin
Moreover, this week we saw a number of messages from CEOs of large asset managers and banks who talked about bitcoin and cryptocurrency. Some are less positive than others, such as the CEO of JPMorgan. Describes bitcoin as worthless, Although he points out that his customers think otherwise.
For his part, the head of BlackRock, the world’s largest asset manager, said he doesn’t know enough about cryptocurrencies yet, but he thinks so. There are huge opportunities for cryptocurrency and blockchain. His colleague, Fidelity CEO Jurrien Timmer, is much more confident. see bitcoin to a price of $100,000 by 2023. Finally, there was Morgan Stanley CEO who also tested positive. “I don’t think cryptocurrency is mainstream, and I don’t think it will go away.” James Gorman said.
The United States Takes Over The World’s Main Bitcoin Mining Country From China
De Cambridge Bitcoin Electricity Consumption Index (CBEBI) Update his site this week With new numbers around Bitcoin mining. This indicates that China is no longer a mining hotspot. The US accounts for 35% of all computing power on the Bitcoin network and now generates 35%. The Texas senator sees an opportunity for his state, Partly to accelerate the transition to green energy.
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