Bitcoin Price Prospects Amid ETF Expectations
Bitcoin's price has surged to highs not seen since early 2022, fueled by anticipation of a Biden bailout and a potential BlackRock-managed bitcoin spot ETF, despite concerns from trader Arthur Hayes that such success could jeopardize the Bitcoin’s future.
- BlackRock's involvement has raised speculations about a massive influx of Wall Street capital into bitcoin, with the SEC rumored to be on the verge of approving a wave of bitcoin spot ETF applications.
- Arthur Hayes warns that if asset managers corner the bitcoin market, it could lead to the network's collapse by making mining unviable, but he also suggests the fall could give rise to an alternative monetary network.
https://www.forbes.com/sites/digital-assets/2023/12/24/blackrock-will-completely-destroy-bitcoin-shock-price-warning-as-huge-spot-etf-update-suddenly-revealed/
Bitcoin /
npub1dw…ds9g9
2023-12-24 22:41:57
Author Public Key
npub1dwegu7taqadap2pzw6dszulc6r7gwmldawjpdrersuykxxlyzfeskds9g9Published at
2023-12-24 22:41:57Event JSON
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"content": "Bitcoin Price Prospects Amid ETF Expectations\n\nBitcoin's price has surged to highs not seen since early 2022, fueled by anticipation of a Biden bailout and a potential BlackRock-managed bitcoin spot ETF, despite concerns from trader Arthur Hayes that such success could jeopardize the Bitcoin’s future.\n\n - BlackRock's involvement has raised speculations about a massive influx of Wall Street capital into bitcoin, with the SEC rumored to be on the verge of approving a wave of bitcoin spot ETF applications.\n\n - Arthur Hayes warns that if asset managers corner the bitcoin market, it could lead to the network's collapse by making mining unviable, but he also suggests the fall could give rise to an alternative monetary network.\n\nhttps://www.forbes.com/sites/digital-assets/2023/12/24/blackrock-will-completely-destroy-bitcoin-shock-price-warning-as-huge-spot-etf-update-suddenly-revealed/",
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