The Unthinkable Crypto Cycle is About to Happen – Gareth Soloway
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In this video, we’ll dive deep into the latest news in Bitcoin, dollarization, and investments.
Bitcoin’s Surge on Grayscale Victory: Bitcoin’s price soared 5% to over $27,000 after Judge Neomi Rao favored Grayscale Bitcoin Trust (GBTC) in its battle against the SEC, igniting hopes of a new bull market. Institutional interest from giants like BlackRock and Fidelity further fuels this rally.
Grayscale ETF Win Sparks Optimism: The recent court decision revoked the SEC’s denial of GBTC’s spot ETF, emboldening the market and boosting Grayscale ETF. Despite not fully approving the spot ETF, the verdict signals progress and could push the discount lower.
Institutional ETF Hopes: BlackRock, managing over $8.5 trillion, is among those pursuing a spot Bitcoin ETF. The use of Coinbase for custody signals further adoption. Upcoming ETF decisions will shape the market’s future trajectory.
Declining Exchange BTC Supply: Bitcoin leaving exchanges signals bullish sentiment, as investors opt for self-custody. This trend has been ongoing since May 2023, indicating a belief in future price appreciation.
Now, let’s continue our enlightening discussion with Gareth Soloway.
#Crypto #Bitcoin #Cryptocurrency