INTERESTING NARRATIVE FOR THE NEXT CYCLE:
With the Bitcoin ETF Approval and Bitcoin Halving
Real World AssetRWA has a simple concept, namely that we can own a piece of assets by tokenizing the asset and this can apply to anything from digital assets such as NFTs to real world assets such as property, gold paintings and others. A professor from University College Carlota Peres (Specialits Technology and Economics) is also very optimistic about the RWA concept. In fact, he predicts that the tokenization of Real World assets has the potential to bring trillions of US Dollars into the Crypto market. Larry Fink (CEO of BlackRock) also said the same thing, he was even more bullish, even saying "Tokenization Is The Future Of The Next Generation". Even though currently there are not many concrete forms, you can see that this is a narrative that is starting to be put on the market and it is just a matter of time until it takes concrete form. Whether there are real assets that are really hyped for being sold by tokenization, or there are platforms that serve this need in the market. This will be similar to the NFT Bubble, where there used to be an American digital artist, namely Michael Joseph Aka Beeple, who managed to sell his NFT work worth $69,000,000 Million in March 2021. After that, the NFT Boom became really hot on the market for several months after that. . For some reason, a phenomenon similar to this will occur for RWA in the next 1 or 2 years. What RWA Peaks can be featured in the next Cycle? 1. Entangle 2. Goldfinch Entangle itself just launched in February 2023 on the Solana network and Goldfinch has also launched in several markets. $BTC $SOL What do you think? #BitcoinETF #bitcoinhalving
DAILY BITCOIN UPDATES:
Future Potential of Crypto Assets
Bitcoin prices broke through the $44,000 mark after the cryptocurrency recorded its longest gain since last May, raising speculation about whether the rise reflects investors' growing confidence that the Federal Reserve is preparing to ease its monetary policy.Crypto Assets of the FutureThe cryptocurrency is considered the largest digital asset in the world. The crypto sector hit a 6-day streak of gains through Tuesday, up about 16%, and consolidated its gains in early Asian trading on Wednesday. Its total rise since the start of 2023 is about 165%, compared with the low levels reached amid last year's cryptocurrency crisis. Much of this rise can be attributed to the potential of the US allowing the launch of the first exchange-traded fund to invest directly in Bitcoin, thus paving the way for a wider investor base to participate. Among the companies that have applied for permission to launch cryptocurrency funds are BlackRock and Fidelity Investments. Some analysts predict the fund will be allowed to launch next January. But the support generated by expectations of a Bitcoin ETF launch has been visible since last June, when asset management companies began seeking the green light to launch an ETF. This has led to some speculation as to whether the new cryptocurrency rally is now gaining strength from increased bets on a US interest rate cut next year. Bitcoin price and US interest expectations “Investors are definitely considering the potential of launching an exchange-traded fund that invests directly in Bitcoin,” said Tony Sycamore, market analyst at IG Australia, “but this time it was huge volatility and a huge Bitcoin price spike.” The response of cryptocurrencies is more towards expectations of changes in direction and monetary policy of the Fed. It is more affected by these changes than other asset classes."Bitcoin's recovery tempts investors back into cryptocurrenciesBitcoin's current rise also masks concerns that it will significantly exceed expected limits. Smaller cryptocurrencies such as Ethereum, Avalanche and Dogecoin, favored by meme investors, are also seeing gains price.Bitcoin's jump shows the market reaction to the launch of a cryptocurrency trading fundIn Abu Dhabi, shares of the "Phoenix" group, which sells cryptocurrency mining devices, jumped 35% yesterday, Tuesday, in its first trade after the IPO, thus becoming the first company to be listed in the cryptocurrency sector in the Middle East. Have you invested in crypto today? #BitcoinETF #CryptoisBetter $BTC $XRP $ETH
UPDATE ETF SPOT BITCOIN :
Analis Perkiran Semua Pengajuan Disetujui Bersama
Saat ini Exchanged-Traded Fund (ETF) Spot Bitcoin masih dalam tahap proses oleh otoritas keuangan AS, Securities and Exchange Commission (SEC). Ada beberapa perusahaan yang mengajukan produk tersebut ke pemerintah AS.Salah satu yang terkenal ialah pengajuan dari BlackRock. Pasalnya, BlackRock saat ini diketahui menerima suntikan dana investasi sebesar US$100 ribu. Sisanya, ada pengajuan produk serupa dari Grayscale, Invesco, hingga ARK Investments."Dugaan saya, kita akan memiliki beberapa ETF ya