Options on BlackRock’s Bitcoin ETF

1. Options Trading on BlackRock Bitcoin ETF Begins:

• Nasdaq confirmed that options on BlackRock’s iShares Bitcoin Trust ETF (IBIT) will trade starting Tuesday, bringing a new, leveraged approach to Bitcoin to Wall Street.

2. Regulatory hurdles cleared:

• The SEC previously approved options trading on the Bitcoin ETF, and the Options Clearing Corporation (OCC) announced it had completed clearance and risk management.

• The CFTC also confirmed that the options are under the SEC’s jurisdiction, not the CFTC’s, paving the way for the OCC to take action.

3. What it means for the market:

• BlackRock’s #ETF product has attracted $29 billion this year, as Bitcoin hit a peak of $93,000.

• Options trading will increase liquidity, reduce costs for investors, and create important legal changes and safer access to Bitcoin.

4. The role of the OCC:

• The OCC, the world's largest clearing organization, will ensure settlement and security in options trading.

Conclusion:
This event is an important step forward, expanding investment opportunities and promoting the integration of $BTC into the traditional financial system.

Can XRP Reach 5 USD in the Next 2 Years?

On November 11, 2024, 40,831,117,322 reached a peak of 1.2698 USD on Binance, marking a strong recovery. The goal of reaching 5 USD in the next two years is becoming the expectation of many investors due to the following factors:

1. Favorable Legal Decisions

The successful lawsuit with 30,490,199,947 helps XRP avoid the risk of being classified as a security, opening up significant collaboration opportunities with global financial institutions, especially in the field of international remittances.

2. Expansion of RippleNet

26,473,439,257 and Liquidity Hub are attracting many partners, enhancing the role of XRP in global payments. This high applicability boosts the demand for the coin.

3. Positive Market Conditions

• The recovery of the cryptocurrency market, led by Bitcoin, will create upward momentum for XRP.
• XRP is also attracting capital flows from institutional investors due to its practicality and efficiency.

4. Technical Analysis

Breaking through resistance levels such as 2 USD or 3 USD will pave the way for XRP to reach 5 USD in the near future.

Conclusion

With favorable legal, technological, and market trend factors, XRP has enough potential to reach 5 USD by 2026. However, investors need to closely monitor developments to make informed decisions.

Michael Saylor Predicts Bitcoin to Hit $100,000: Crypto Market Potential Remains Huge
Michael Saylor, founder of #microstrategy , asserted that Bitcoin could hit $100,000 before the end of the year, fueled by the pro-crypto policies of the Trump administration. He stressed that the reduction of regulations from the SEC and the positive attitude of large investors are facilitating the strong growth of Bitcoin.

MicroStrategy, with the world's largest holdings of $BTC (279,420 BTC, worth about $25 billion), has been using a long-term investment strategy to solidify Bitcoin's position as a "store of value." With plans to raise another $42 billion to buy Bitcoin, the company continues to affirm the long-term potential of the cryptocurrency market.

Conclusion: Bitcoin and cryptocurrencies in general are still a promising investment field. With support from policies, large organizations and confidence from investors, this market is facing the opportunity for outstanding development in the coming time.