Bernstein: Bitcoin Will Reach $200,000 Next Year
The value of Bitcoin could potentially reach almost $200,000 by the end of next year.
The value of Bitcoin could potentially reach almost $200,000 by the end of next year.
Australia’s main stock exchange, the Australian Securities Exchange, saw its first Bitcoin exchange-traded fund (ETF) debut with a modest trading volume of $1.3 million.
Asset management company VanEck plans to introduce Australia’s first spot Bitcoin ETF.
MicroStrategy has boosted its offering of convertible senior notes from $500 million to $700 million. These notes will accrue 2.25% annual interest and mature in 2032.
Spot BTC ETFs in the US experienced a decrease of $64.9 million in net flows on June 10, ending their four-week period of consecutive gains.
Current implied volatility levels for Bitcoin and Ethereum options suggest a relatively stable market for cryptocurrencies in the upcoming weeks, according to Deribit’s commercial director Luuk Strijers.
On June 3, there was a total of $105.1 million flowing into 11 approved Bitcoin spot ETFs.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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