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An expert identified five catalysts for Bitcoin growth above $70,000
IntoTheBlock's Chief Research Officer, Lucas Outumuro, highlighted five key factors that, in his opinion, will contribute to Bitcoin's growth beyond the $70,000 mark.
BILLIONAIRE PETER THIEL INVESTS IN BITCOIN AGAIN. IN 2022, HE EARNED $1.8 BILLION IN CRYPTO
Billionaire Peter Thiel has once again invested his funds in Bitcoin. Throughout 2022, he earned $1.8 billion in cryptocurrency. His Founders Fund invested $200 million in Bitcoin and Ethereum in 2023, according to Reuters, citing sources close to the businessman. Thiel's investment instincts played...
The Chief Investment Officer of Valkyrie Funds, Stephen McClurg, predicts the closure of several Bitcoin ETFs.
Stephen McClurg, the Chief Investment Officer of Valkyrie Funds, anticipates the closure of several Bitcoin ETFs. According to him, the number of active Bitcoin ETFs will decrease by the end of 2024 as the number of creators of these derivatives decreases from 10 to 7-8. This is attributed to high a...
Beijing Aims to Restrict Cryptocurrency Mining in New Energy Conservation Strategy
Beijing is set to implement a fresh policy aimed at reinforcing efforts to conserve energy across various aspects of the city's operations, with a focus on reducing carbon emissions and pollution. The strategy intends to heighten scrutiny on Bitcoin mining activities to curtail its impact.
Coinbase Analysts: Pressure on Bitcoin is Easing
Experts at Coinbase report that the impact on Bitcoin from sellers is diminishing, and macroeconomic circumstances indicate a favorable outlook for the growth of this cryptocurrency.