Mfkmalik
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Bullish
Bitcoin is surging towards $124,000, fueled by tightened supply and significant global developments.
Here are the key events driving this momentum:
- El Salvador's Bitcoin Investment Banks:
El Salvador has passed a historic Investment Banking Law, allowing licensed investment banks to store Bitcoin and other digital assets. This move aims to attract international investment and solidify the country's crypto financial center reputation.
- Harvard's Investment in Bitcoin ETF:
Harvard University has invested $116.6 million in BlackRock's IBIT spot Bitcoin ETF, boosting institutional trust in Bitcoin. This significant move adds Bitcoin to Harvard's equity portfolio, following its decision to reduce exposure to large Big Tech corporations.
- US Spot Bitcoin ETFs:
US-based spot Bitcoin ETFs have garnered over $54 billion in inflows since their inception in early 2024, reflecting growing institutional interest in Bitcoin.
- Japan's Crypto ETF Delay:
In contrast, Japan's Bitcoin ETF market entrance is delayed due to regulatory hurdles. However, Japanese SBI Holdings has filed for spot crypto ETFs, indicating potential future growth in the region.
These developments contribute to Bitcoin's upward momentum, with predictions suggesting it could reach $150,000 in the short term and $1 million within the next five years.
Be A part of the rally.
Buy And Trade here $BTC
#ETH4500Next? #BinanceAlphaAlert #CryptoIn401k #USFedNewChair #Mfkmalik
Here are the key events driving this momentum:
- El Salvador's Bitcoin Investment Banks:
El Salvador has passed a historic Investment Banking Law, allowing licensed investment banks to store Bitcoin and other digital assets. This move aims to attract international investment and solidify the country's crypto financial center reputation.
- Harvard's Investment in Bitcoin ETF:
Harvard University has invested $116.6 million in BlackRock's IBIT spot Bitcoin ETF, boosting institutional trust in Bitcoin. This significant move adds Bitcoin to Harvard's equity portfolio, following its decision to reduce exposure to large Big Tech corporations.
- US Spot Bitcoin ETFs:
US-based spot Bitcoin ETFs have garnered over $54 billion in inflows since their inception in early 2024, reflecting growing institutional interest in Bitcoin.
- Japan's Crypto ETF Delay:
In contrast, Japan's Bitcoin ETF market entrance is delayed due to regulatory hurdles. However, Japanese SBI Holdings has filed for spot crypto ETFs, indicating potential future growth in the region.
These developments contribute to Bitcoin's upward momentum, with predictions suggesting it could reach $150,000 in the short term and $1 million within the next five years.
Be A part of the rally.
Buy And Trade here $BTC
#ETH4500Next? #BinanceAlphaAlert #CryptoIn401k #USFedNewChair #Mfkmalik
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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