Yeah, yeah, it’s paper-backed bitcoin for Wall Street. Let them have it. Those uber-rich dinosaurs are super-late to the game, and I’m half hoping that the new ProShares exchange-traded fund (ETF) does a terrible job of tracking bitcoin’s actual price.
At last, the U.S. is prepared to launch its first bitcoin-related exchange-traded fund (ETF), barring any major surprises from U.S. Securities and Exchange Commission Chair Gary Gensler.
Here’s a question: would you rather have a 95% chance to win $10,000, or a 100% chance to win $9,000?
The digital currency markets are thriving, particularly on the heels of El Salvador giving legal tender to bitcoin (and using volcanic energy to mine bitcoin (no kidding!).
Our look at whether bitcoin might replace the U.S. dollar as the world’s default currency.
Something significant happened this week: SEC Chair Gary Gensler likened bitcoin to gold.
Hindsight is always 20/20, so even though nobody could have possibly predicted a $15,000 bounce off of bitcoin’s $40,000 support level, now that it has materialized, we can certainly see what caused it.
As blockchain investors, we look for underlying value. Most NFTs today have zero underlying value. But NFTs as a concept have a ton of potential value, especially if they are linked to things that really do have value (like earning future royalties on a pop song NFT, for example).
Hope you’re all loving the price action in the markets lately.
You can’t make an omelet without breaking a few eggs, and it seems like the DeFi market just broke a few flats.
