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Bitcoin's Potential Surge to $70,000: Mike Novogratz's Projections. 🚀🪙
Renowned investor Mike Novogratz, founder of Galaxy Digital, has shared his optimistic outlook on Bitcoin's future, projecting a climb to $70,000 contingent upon the U.S. Securities and Exchange Commission (SEC) approving spot Bitcoin exchange-traded funds (ETFs).
In a Bloomberg interview, Novogratz highlighted the potential market impact and psychological shift if the SEC approves spot Bitcoin ETFs.
The Galaxy CEO emphasized the pivotal role an SEC-approved ETF could play in driving Bitcoin to revisit its previous highs within a year.
Novogratz anticipates a new inflow of fresh money influencing Bitcoin's trajectory and a shift in market psychology upon the government's green signal for Bitcoin purchases.
Bloomberg analysts project a potential approval of a spot Bitcoin ETF by January 10, 2024, though uncertainties exist due to SEC Chair Gary Gensler's ambiguous stance.
Novogratz remains optimistic, expecting developments such as an ETF approval in the United States, suggesting that investment firms like BlackRock, Fidelity, ARK Invest, and Galaxy Digital would promote Bitcoin adoption, significantly elevating its price.
Positive Remarks on Binance’s Settlement:
Novogratz praised Binance's $4.3 billion settlement with the DOJ, seeing it as a positive move for reducing risks in the crypto industry. The resolution eased concerns among investors about Binance's operations, highlighting the significance of regulatory compliance for entities in the space.
Bitcoin’s Projected Trajectory:
Novogratz predicts a substantial rise in Bitcoin, especially with an ETF approval and potential Fed rate cuts. He sees the 2024 halving and U.S. elections as key factors, attributing Bitcoin's appeal to being a hedge against global fiscal instability amid uncertainties.
#Bloomberg #bitcoinupdates #MikeNovogratz
#ETF's #SEC
Renowned investor Mike Novogratz, founder of Galaxy Digital, has shared his optimistic outlook on Bitcoin's future, projecting a climb to $70,000 contingent upon the U.S. Securities and Exchange Commission (SEC) approving spot Bitcoin exchange-traded funds (ETFs).
In a Bloomberg interview, Novogratz highlighted the potential market impact and psychological shift if the SEC approves spot Bitcoin ETFs.
The Galaxy CEO emphasized the pivotal role an SEC-approved ETF could play in driving Bitcoin to revisit its previous highs within a year.
Novogratz anticipates a new inflow of fresh money influencing Bitcoin's trajectory and a shift in market psychology upon the government's green signal for Bitcoin purchases.
Bloomberg analysts project a potential approval of a spot Bitcoin ETF by January 10, 2024, though uncertainties exist due to SEC Chair Gary Gensler's ambiguous stance.
Novogratz remains optimistic, expecting developments such as an ETF approval in the United States, suggesting that investment firms like BlackRock, Fidelity, ARK Invest, and Galaxy Digital would promote Bitcoin adoption, significantly elevating its price.
Positive Remarks on Binance’s Settlement:
Novogratz praised Binance's $4.3 billion settlement with the DOJ, seeing it as a positive move for reducing risks in the crypto industry. The resolution eased concerns among investors about Binance's operations, highlighting the significance of regulatory compliance for entities in the space.
Bitcoin’s Projected Trajectory:
Novogratz predicts a substantial rise in Bitcoin, especially with an ETF approval and potential Fed rate cuts. He sees the 2024 halving and U.S. elections as key factors, attributing Bitcoin's appeal to being a hedge against global fiscal instability amid uncertainties.
#Bloomberg #bitcoinupdates #MikeNovogratz
#ETF's #SEC
#CryptoMarket Analysis...
Top #Crypto's performance ever since Wall Street #ETF's trading went live..
While i tried to warn many times about, that how these things goes, while some were still not prepared.
However, you should not panic, it's completely normal for another final big corrections like this to happen, if anything there's still plenty of room for more downside.
The average #Bitcoin correction before Bull Markets is about 30% to 35% which can bring Bitcoin all the way down to the early 30's range before taking reversal to uptrends.
Anyway, always
#DYOR and Trade with StopLoss in Crypto 🙏
Top #Crypto's performance ever since Wall Street #ETF's trading went live..
While i tried to warn many times about, that how these things goes, while some were still not prepared.
However, you should not panic, it's completely normal for another final big corrections like this to happen, if anything there's still plenty of room for more downside.
The average #Bitcoin correction before Bull Markets is about 30% to 35% which can bring Bitcoin all the way down to the early 30's range before taking reversal to uptrends.
Anyway, always
#DYOR and Trade with StopLoss in Crypto 🙏
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RWA is definitely destined to become one of the biggest narratives in market history. But to achieve 100X success, you need to realize the power of the ecosystem.
4 important projects for the next few years:
$LTO LTO Network
$CFG Centrifuge
$MPL Maple Finance
$LinkChainLink
The RWA market is growing, which could boost the value of these cryptocurrencies.
It is important to note that investing in cryptocurrencies is a high-risk investment. Before investing, it is important to do your own research and understand the risks involved.
$LTO $BTC
#RWA #bullmarket #BTC #ethereum #ETF's
4 important projects for the next few years:
$LTO LTO Network
$CFG Centrifuge
$MPL Maple Finance
$LinkChainLink
The RWA market is growing, which could boost the value of these cryptocurrencies.
It is important to note that investing in cryptocurrencies is a high-risk investment. Before investing, it is important to do your own research and understand the risks involved.
$LTO $BTC
#RWA #bullmarket #BTC #ethereum #ETF's
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The hottest ETF trend of 2023 has appeared in the crypto market
A popular 2023 crypto strategy in the $8 trillion exchange-traded fund industry is hitting the market—the Roundhill Bitcoin Covered Call Strategy ETF began trading this week under the ticker symbol YBTC, Bloomberg writes.
The actively managed fund tracks the performance of the largest cryptocurrency, BTC, through the futures-backed ProShares Bitcoin Strategy ETF (NYSE:BITO) (BITO), on which it will also write covered call options, which will provide additional income in exchange for giving up some of the potential risk of BTC, at the risk of degrading the performance of the cryptocurrency itself.
Covered call strategies were popularized by the explosion of the $31 billion JPMorgan Equity Premium Income ETF (JEPI), which invests in low-volatility stocks.
The fund became the largest actively managed ETF last year amid concerns over the Fed's high interest rates as investors turned their attention to the fund's robust payout.
#ETF: #ETF's #ETFs #etf #ETFsApproval
$BTC
A popular 2023 crypto strategy in the $8 trillion exchange-traded fund industry is hitting the market—the Roundhill Bitcoin Covered Call Strategy ETF began trading this week under the ticker symbol YBTC, Bloomberg writes.
The actively managed fund tracks the performance of the largest cryptocurrency, BTC, through the futures-backed ProShares Bitcoin Strategy ETF (NYSE:BITO) (BITO), on which it will also write covered call options, which will provide additional income in exchange for giving up some of the potential risk of BTC, at the risk of degrading the performance of the cryptocurrency itself.
Covered call strategies were popularized by the explosion of the $31 billion JPMorgan Equity Premium Income ETF (JEPI), which invests in low-volatility stocks.
The fund became the largest actively managed ETF last year amid concerns over the Fed's high interest rates as investors turned their attention to the fund's robust payout.
#ETF: #ETF's #ETFs #etf #ETFsApproval
$BTC
The Spot #BTC #ETF's will likely be accepted between January 5-10.
The approval window opens in just 26 days.
Get ready now!
The approval window opens in just 26 days.
Get ready now!
📊 Public and private companies, #ETF's and funds, governments and #DeFi now account for 2,170,327 BTC or 10.33% of the total supply.
All other $BTC (out of a total of 21 million coins) are either in the hands of individuals, traded on exchanges, lost forever, or not yet mined.
All other $BTC (out of a total of 21 million coins) are either in the hands of individuals, traded on exchanges, lost forever, or not yet mined.
You want to know the ONE secret that will make you rich in crypto?
Discover the Unpopular Yet Vital Tip in Crypto: Take Profit 📉💰
In the world of crypto, where excitement and risk often overshadow caution, there's a game-changing strategy that most overlook. Brace yourself, it might sound mundane amidst the thrill of speculation and gains.
Here it is:
Take Profit.
Face it, you're not the next Warren Buffett. Predicting the absolute market peak is a rare feat. And let's be honest...
Chances are, you won't have many more favorable cycles after the impending one.
So, resist the allure of being a last-minute genius during the bull market and instead, aim to be a bear market pro with a robust exit plan.
Consider this: Extract 10-20% of your profits monthly throughout the bull market. This approach avoids the pitfall of selling too early while safeguarding against the sudden downturns that characterize bear markets.
For those unfamiliar with the brutal realities of market cycles, here's a nugget of wisdom: at the bull market's zenith, if you're heavily invested in alts, a swift 70% portfolio plunge in mere days is not unprecedented. I learned this the hard way in 2018. Never again.
Remember, taking profit is not boring; it's strategic.
~ SUPPORT Crypto 0 Seven @Crypto 0 Seven
THANK YOU!!!
#ETF's #BullRun #bullmarket
In the world of crypto, where excitement and risk often overshadow caution, there's a game-changing strategy that most overlook. Brace yourself, it might sound mundane amidst the thrill of speculation and gains.
Here it is:
Take Profit.
Face it, you're not the next Warren Buffett. Predicting the absolute market peak is a rare feat. And let's be honest...
Chances are, you won't have many more favorable cycles after the impending one.
So, resist the allure of being a last-minute genius during the bull market and instead, aim to be a bear market pro with a robust exit plan.
Consider this: Extract 10-20% of your profits monthly throughout the bull market. This approach avoids the pitfall of selling too early while safeguarding against the sudden downturns that characterize bear markets.
For those unfamiliar with the brutal realities of market cycles, here's a nugget of wisdom: at the bull market's zenith, if you're heavily invested in alts, a swift 70% portfolio plunge in mere days is not unprecedented. I learned this the hard way in 2018. Never again.
Remember, taking profit is not boring; it's strategic.
~ SUPPORT Crypto 0 Seven @Crypto 0 Seven
THANK YOU!!!
#ETF's #BullRun #bullmarket
Financial Advisors Are Waiting for Spot Bitcoin ETFs
The creator of the Digital Assets Council of Financial Professionals, Ric Edelman, has noted that approximately 77% of financial advisers are anticipating the launch of spot #BTC exchange-traded funds (ETFs) to provide to their clients.
This expectation arises from the possibility that spot #Bitcoin #ETF's will offer a more direct and controlled exposure to Bitcoin, potentially matching the risk profiles and inclinations of its customers.
The waiting period is a reflection of the financial advice community's strong interest in and desire for more easily accessible and regulated Bitcoin investment products.
This expectation arises from the possibility that spot #Bitcoin #ETF's will offer a more direct and controlled exposure to Bitcoin, potentially matching the risk profiles and inclinations of its customers.
The waiting period is a reflection of the financial advice community's strong interest in and desire for more easily accessible and regulated Bitcoin investment products.
Bitcoin On Track To Hit $100K In 2024
Standard Chartered analyst Geoff Kendrick believes that the demise of mid-tier U.S. lenders and the stabilisation of risk #Cryptocurrencies assets will cause Bitcoin's value to soar to $100,000 by the end of 2024. Furthermore, according to Blockstream CEO Adam Back, #Bitcoin might reach $100,000 before the cryptocurrency's second halving, which is anticipated to take place in 2024. Significant price increases have often been preceded by the expectation of the halving event, which lowers the rate of new #BTC creation. Notwithstanding the SEC's hesitation to officially approve a spot Bitcoin #ETF's , recent events, combined with the fervour of trade and the impending halving, suggest that the #cryptocurrency industry is about to enter a revolutionary phase.
🚨BITCOIN BULL RUN? A SET OF FAVORABLE WINDS NEVER SEEN SINCE 2021
✅Bull run approaching? Since the start of the year, what was initially just a possible rebound seems to be turning into a sustainable uptrend for Bitcoin. A movement supported by the prospect of the next halving, scheduled for the end of next April. But also by a possible approval of Bitcoin spot ETFs, marking the real start of this race for many institutional investors. A dynamic behind a significant return of liquidity to the cryptocurrency market. And it is not the actions of Coinbase (COIN) or Bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT) that will say the opposite.
🚨ARE ALL THE INDICATORS GREEN?
✅The recent – but still fleeting – rise of Bitcoin above the $42,000 mark is giving wings to the cryptocurrency market. Because this seems to confirm an upward trend that finally began since the start of the year. With an annual return of +140% that the main players in this digital economy want to benefit from.
✅It must be said that the year 2024 promises to be rich in historic events. With, first of all, the scheduled prospect of the 4th halving of Bitcoin, whose bullish dynamic likes to repeat itself. But also an approval of spot Bitcoin ETFs at the origin of a “money invasion”, according to the estimates of the former president of the New York Stock Exchange recently converted into a crypto press boss.
✅And, as each cycle is different, the one that is coming seems to be able to be measured using the actions now associated with certain crypto companies. Indeed, the COIN stock on the Coinbase platform is up more than 300% since the start of the year. A good performance which, however, does not yet make it possible to erase the losses recorded since its peak, still located 170% higher (around $380).
#BinanceTournament #BTC #ETF's #BullRunPredictions #bullrunBtc
✅Bull run approaching? Since the start of the year, what was initially just a possible rebound seems to be turning into a sustainable uptrend for Bitcoin. A movement supported by the prospect of the next halving, scheduled for the end of next April. But also by a possible approval of Bitcoin spot ETFs, marking the real start of this race for many institutional investors. A dynamic behind a significant return of liquidity to the cryptocurrency market. And it is not the actions of Coinbase (COIN) or Bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT) that will say the opposite.
🚨ARE ALL THE INDICATORS GREEN?
✅The recent – but still fleeting – rise of Bitcoin above the $42,000 mark is giving wings to the cryptocurrency market. Because this seems to confirm an upward trend that finally began since the start of the year. With an annual return of +140% that the main players in this digital economy want to benefit from.
✅It must be said that the year 2024 promises to be rich in historic events. With, first of all, the scheduled prospect of the 4th halving of Bitcoin, whose bullish dynamic likes to repeat itself. But also an approval of spot Bitcoin ETFs at the origin of a “money invasion”, according to the estimates of the former president of the New York Stock Exchange recently converted into a crypto press boss.
✅And, as each cycle is different, the one that is coming seems to be able to be measured using the actions now associated with certain crypto companies. Indeed, the COIN stock on the Coinbase platform is up more than 300% since the start of the year. A good performance which, however, does not yet make it possible to erase the losses recorded since its peak, still located 170% higher (around $380).
#BinanceTournament #BTC #ETF's #BullRunPredictions #bullrunBtc
Bitcoin News: Bitcoin Whale Wallets Returning Back to Buying, Bull Market Here to Stay
#BinanceTournament Bitcoin whales have been seen returning back into accumulation amid this surprise price rally. Spot buying solidifies bull rally.On Tuesday evening, December 5, Bitcoin registered an additional 5% rally with the #BTC price shooting past $44,300. As of press time, $BTC is trading at $43,744 with a market cap of $855 billion.Bitcoin Whales Return to BuyingIn recent updates from on-chain data provider Santiment, Bitcoin’s surge aligns closely with the activity of existing wallets holding 100 or more Bitcoins, showcasing a tight correlation with the price movement.Following a significant drop-off observed on November 9th, the past four weeks have witnessed the return of 48 of these substantial whale wallets. The resurgence of these large wallets suggests renewed interest and activity among major players in the Bitcoin market, adding an additional layer of insight into the ongoing dynamics influencing the BTC price.Courtesy: SantimentIn the current bullish market, the spotlight is on spot-driven dynamics, as major derivatives data remains relatively stable. Futures premiums are holding at approximately 10%, while options implied volatilities (IVs) show modest gains, reports Greeks.Live.The ongoing rally, coupled with news of an imminent #ETF's passage, underscores the health of this spot-driven bull market. With limited downside risks, it solidifies the notion that the bull market is not merely a transient phase but a sustained trend with enduring strength.What Shall BTC Investors Expect Ahead?Bitcoin maxis are already going gaga over this week’s BTC price move with veterans like Max Keiser expecting a ‘God candle‘ to $100K. However, technical charts show that investors should wait before making any fresh entry at this point.Renowned crypto analyst Ali Martinez issues a cautionary note, predicting a potential correction in Bitcoin’s price. Martinez points to the TD Sequential indicator, indicating that the correction might commence within the next 7 to 48 hours. This assessment is based on analyses of both daily and three-day charts.According to crypto analyst Michael van de Poppe, a new price range has solidified. Anticipating the current movement to conclude shortly, he foresees a consolidation phase before a potential final push towards the $48,000 to $50,000 range, particularly in the pre-ETF period. Following this, van de Poppe envisions a period of sideways action with a support level between $36,000 and $38,000. Investors are advised to monitor these potential market movements closely.#BAKE #ORDI 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. @Àża 1
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As cryptocurrency investors optimistically await the approval of the first Bitcoin ETFs (Exchange Traded Funds), opinions on their potential impact on the market are deeply divided.
Some see ETFs as a crucial step towards the mass adoption of Bitcoin, while others consider them a threat to the cryptocurrency's decentralized ethos.
Since its creation, Bitcoin has always been hailed as a decentralized currency, a refuge from traditional currencies controlled by governments. But with the introduction of ETFs, many fear that the currency could be co-opted by traditional financial institutions.
#ETF's #BTC #bitcoin #criptomoedas #sec
Some see ETFs as a crucial step towards the mass adoption of Bitcoin, while others consider them a threat to the cryptocurrency's decentralized ethos.
Since its creation, Bitcoin has always been hailed as a decentralized currency, a refuge from traditional currencies controlled by governments. But with the introduction of ETFs, many fear that the currency could be co-opted by traditional financial institutions.
#ETF's #BTC #bitcoin #criptomoedas #sec
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Fidelity's spot BTC-ETF is the second after BlackRock to surpass $1 billion in inflows
Fidelity's spot bitcoin exchange-traded fund (ETF) under the ticker symbol FBTC, following BlackRock's product (IBIT), recorded inflows of over $1 billion five days after the start of trading. During this period, total inflows across 11 US-traded funds approached $1.2 billion, according to the analytics arm of crypto exchange BitMEX.
Data from The Block
#ETF's #ETFTrends #ETF: #ETFs #etf
$BTC
Fidelity's spot bitcoin exchange-traded fund (ETF) under the ticker symbol FBTC, following BlackRock's product (IBIT), recorded inflows of over $1 billion five days after the start of trading. During this period, total inflows across 11 US-traded funds approached $1.2 billion, according to the analytics arm of crypto exchange BitMEX.
Data from The Block
#ETF's #ETFTrends #ETF: #ETFs #etf
$BTC
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The New York Stock Exchange wants to trade options on Bitcoin ETFs
The New York Stock Exchange (NYSE) has applied to list and begin trading options on its newly issued spot Bitcoin ETF.
Bloomberg analyst Eric Balchunas said that members of the US Securities and Exchange Commission (SEC) should review the NYSE proposal within two months. Eric believes that options on Bitcoin ETFs will be in great demand due to the high level of volatility in the cryptocurrency price.
According to NYSE experts, thanks to the new options, the liquidity of Bitcoin-based derivatives will increase, as well as the trading volume on the exchange will increase. At the same time, investors will have an additional tool for hedging risks, and they will be able to increase their capital by correctly predicting the movement of the BTC price.
After the SEC staff authorized the issuance of a Bitcoin ETF, the value of the digital asset fell 9%, despite the influx of capital into the newly created investment vehicles.
Director of a financial company
#ETF's #ETF: #ETFs #etf #ETFTrends
$BTC
The New York Stock Exchange (NYSE) has applied to list and begin trading options on its newly issued spot Bitcoin ETF.
Bloomberg analyst Eric Balchunas said that members of the US Securities and Exchange Commission (SEC) should review the NYSE proposal within two months. Eric believes that options on Bitcoin ETFs will be in great demand due to the high level of volatility in the cryptocurrency price.
According to NYSE experts, thanks to the new options, the liquidity of Bitcoin-based derivatives will increase, as well as the trading volume on the exchange will increase. At the same time, investors will have an additional tool for hedging risks, and they will be able to increase their capital by correctly predicting the movement of the BTC price.
After the SEC staff authorized the issuance of a Bitcoin ETF, the value of the digital asset fell 9%, despite the influx of capital into the newly created investment vehicles.
Director of a financial company
#ETF's #ETF: #ETFs #etf #ETFTrends
$BTC
Global investment bank #JPMorgan has cautioned that the approval of Spot Bitcoin Exchange Traded Funds ( #ETF's ) by the US Securities and Exchange Commission ( #SEC ) could "put severe downtrend pressure on #BTC prices".
The bank's Analyst estimate that Billions of dollars could exit from the crypto market after #Grayscale Investments converts it's Bitcoin Trust GBTC into a Spot Bitcoin ETF.
JP Morgan is known to manipulate the news cycle for their own personal gains.
The bank's Analyst estimate that Billions of dollars could exit from the crypto market after #Grayscale Investments converts it's Bitcoin Trust GBTC into a Spot Bitcoin ETF.
JP Morgan is known to manipulate the news cycle for their own personal gains.
