LIVERedWolf81
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The international cryptocurrency exchange Bittrex Global announced with great regret its imminent closure. On December 4, 2023, Bittrex will stop providing services related to trading digital assets, so clients of the platform will only be able to withdraw their savings. The company has not yet set a deadline by which traders are required to send coins from their accounts, but company representatives asked users to do this as soon as possible time. Bittrex support will continue to operate as normal to ensure that customers have the opportunity to resolve any issues that may arise. Platform employees, as before, accept requests through the Support tab on the official website of the platform. At the end of October, Bittrex closed its business in the United States after it was fined $24 million for illegal trading of securities. Then the director of the company, Oliver Lynch, stated that Bittrex would continue to operate at the international level, but it is obvious that the plans of the exchange management changed, and they decided to close the platform. Bittrex Global occupies only 57th place in the ranking of crypto exchanges with the highest trading volume. Over the last 24 hours, the turnover of digital assets on the site amounted to only $5.7 million. It can be assumed that they decided to close Bittrex due to low popularity.
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$BTC Bitcoin will skyrocket by 600% under one condition
In a blog post, CoinShares research director James Butterfill speculated about the possible impact on the price of Bitcoin if a spot Bitcoin ETF is approved by the Securities and Exchange Commission (SEC).
He suggested that if about 10% of investors invested in such an ETF with an average allocation of 1%, it would result in inflows of $14.4 billion in the first year. Butterfill noted that there is a relationship between inflows as a percentage of assets under management (AUM*) and changes in the price of Bitcoin.
[20.11, 23:31] +37499738364: He estimates that an influx of $14.4 billion could push the price of Bitcoin to $141,000. However, he also noted the difficulty of accurately estimating inflows, since it is difficult to predict how many investors will invest in the ETF after its launch . Other Butterfill calculations show that an influx of $31.3 billion could push Bitcoin's price to $265,437, representing a massive 627% increase from its current value of $36,565.
[20.11, 23:31] +37499738364: Butterfill emphasized that ultimately the demand for Bitcoin will depend on various factors, including changes in legislation and investor sentiment in the crypto space.
In a blog post, CoinShares research director James Butterfill speculated about the possible impact on the price of Bitcoin if a spot Bitcoin ETF is approved by the Securities and Exchange Commission (SEC).
He suggested that if about 10% of investors invested in such an ETF with an average allocation of 1%, it would result in inflows of $14.4 billion in the first year. Butterfill noted that there is a relationship between inflows as a percentage of assets under management (AUM*) and changes in the price of Bitcoin.
[20.11, 23:31] +37499738364: He estimates that an influx of $14.4 billion could push the price of Bitcoin to $141,000. However, he also noted the difficulty of accurately estimating inflows, since it is difficult to predict how many investors will invest in the ETF after its launch . Other Butterfill calculations show that an influx of $31.3 billion could push Bitcoin's price to $265,437, representing a massive 627% increase from its current value of $36,565.
[20.11, 23:31] +37499738364: Butterfill emphasized that ultimately the demand for Bitcoin will depend on various factors, including changes in legislation and investor sentiment in the crypto space.
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Following constant warnings about an imminent financial collapse, especially in the United States, the author of the best-selling personal finance book âRich Dad, Poor Dad,â Robert Kiyosaki, called the situation another one of the main crimes in history and called on his subscribers to buy bitcoins (BTC). He recalled that 100 years have passed since hyperinflation in Germany led to Adolf Hitler's power. In this regard, he expressed hope that the US is not going to âcelebrateâ hyperinflation in the same way. In addition, he wrote that the current US government is âthe most incompetent in history.â He advises his readers to study the hyperinflation in Germany and Zimbabwe and stock up on food, weapons, gold and silver, while he singled out Bitcoin as the best protection, since âthe people are in control.â the value of bitcoin, not our leaders.â
At the beginning of October, Kiyosaki explained that hyperinflation is not at all what many people perceive it as (rising prices), in fact it is something the opposite, namely a decrease in purchasing power the power of money. On November 19, Kiyosaki again praised Bitcoin as a means of protection from central banks, which, as he emphasized, are buying gold to save themselves from their own incompetence you. Meanwhile, the main cryptocurrency BTC is trading at $37,220, showing an increase of 1.9% over the last 24 hours. The weekly plus is only 0.5%.
At the beginning of October, Kiyosaki explained that hyperinflation is not at all what many people perceive it as (rising prices), in fact it is something the opposite, namely a decrease in purchasing power the power of money. On November 19, Kiyosaki again praised Bitcoin as a means of protection from central banks, which, as he emphasized, are buying gold to save themselves from their own incompetence you. Meanwhile, the main cryptocurrency BTC is trading at $37,220, showing an increase of 1.9% over the last 24 hours. The weekly plus is only 0.5%.
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