The first U.S. ETFs that hold bitcoin were cleared Wednesday by the Securities and Exchange Commission. They were hailed by the crypto industry as a game changer that would allow mainstream investors to buy and sell bitcoin as easily as stocks and mutual funds. Investors responded enthusiastically. More than $4.6 billion of shares across 10
This post explains the rationale for Bitcoin ETFs over self-custodied Bitcoin. (Speaking from experience, but not necessarily an endorsement of such ETFs): ETFs fill a need and are designed to permit exposure to Bitcoin for professional, registered investment advisors in the US and others in the traditional investment system. Money managers in particular have unique
History is running in reverse. Ninety years ago, FDR and his fellow travelers rode the 20th century arc of centralization. The chokepoints of then-new technologies for mass media and mass production allowed them to gain control over the population, recruit top talent for their “Brain Trust”, and seize the gold after a series of epic
JUST IN: #Bitcoin overtakes silver to become the second biggest commodity ETF. 1. Gold – $96b 2. BITCOIN – $27.5b 3. Silver – $11.5b It’s just week 1…
Twice as much #bitcoin is LOST as is currently controlled by institutions and governments. Only a tiny fraction of the world owns bitcoin, and after the halving in April, only 1.3125 / 21M @btc will be left to be mined. It might make sense to get some, just in case it catches on.
The Sam Bankman-Fried trial finished up yesterday, and boy are my arms tired. Literally. I filled eight notebooks over the four weeks of the trial. I’ve also been getting to the SDNY courthouse as early as 2 am some mornings to line up for one of the coveted seats inside the courtroom itself. I’m still
Not Fully Thriving OpenSea, the self-proclaimed “first and largest” marketplace for Non-Fungible Tokens (NFTs), is reportedly laying off 50% of its current staff, as the platform looks to cut costs and reorganize amidst the continued fall of the digital tokens. The days of tweets selling as NFTs, “crypto punks,” and celebrities going on Jimmy Fallon
Buy near Balanced Price, sell near Terminal Price. Could it be that simple? #bitcoin cycles. Track this chart for free at Look Into Bitcoin: https://www.lookintobitcoin.com/charts/bitcoin-price-prediction/