Tags : trillion

Bitcoin

Ex-fund manager pegs Bitcoin at $2 million by 2031. But

Greg Foss, the Executive Director of Validus Power Corp, which uses flare gas to mine Bitcoin, lays out the case for a $2 million BTC price. Although sky-high price predictions are nothing new, Foss’s forecast is up there among the highest. Having said that, what is the reasoning behind his prognosis? Oil and gas to […]Read More

Bitcoin

$5 trillion asset manager Fidelity applies for Bitcoin ETF

FD Funds Management, a subsidiary of Fidelity Investments (which manages over $4.9 trillion in assets), yesterday filed a preliminary registration with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin (BTC) exchange-traded fund (ETF). “The digital assets ecosystem has grown significantly in recent years, creating an even more robust marketplace for investors and […]Read More

Bitcoin

Bitcoin Reclaims $1 Trillion Market Cap: What’s In Store?

Earlier today, Bitcoin rose to its highest level since late February and regained its $1 trillion market cap. Recently, Bitcoin was unable to break key resistance at $50,000, as it failed to find support over its 50-, 100-, and 200-day SMA points on the 4-hour time frame. With continued institutional buying, however, Bitcoin was able […]Read More

Bitcoin

Bitcoin Market Cap Tops $1 Trillion For First Time Ever

Bitcoin price just touched $54,000 per coin, and at a circulating supply of more than 18.6 million BTC, that brings the total market cap of the first ever cryptocurrency to $1 trillion. Here’s what this incredible milestone means for the leading cryptocurrency in the the market. From $100 Billion To $1 Trillion In A Year […]Read More

Regulation

Bitcoin ETF unlikely until market cap reaches $2 trillion, fund

A crypto manager said that the much-awaited Bitcoin ETF in the US would likely be delayed until the milestone is reached. Sorry, no Bitcoin ETF Bitcoin and cryptocurrency exchange-traded funds (ETFs) have been on the wishlist of crypto market participants for years now, especially among the retail and professional managers in the US. Such products […]Read More