Matt Hougan, the Chief Investment Officer at Bitwise, he's been crunching the numbers, and let me tell you, it's a real eye-opener. He's talking about this insane demand for Bitcoin ETFs from all sorts of investors. But here's the kicker: while these ETFs are gobbling up 30,000 Bitcoins just this week, miners are barely churning out 3,000 BTC. That's a hell of a difference, folks.
Hougan's not pulling any punches here. He's saying loud and clear: the demand for Bitcoin is off the charts, and there's just not enough of it to go around. It's basic supply and demand, and right now, demand's winning big time.
Is the "100k" knocking on the door? Guess we'll find out.
The crypto world's buzzing today because Bitcoin, Ethereum, and a bunch of other altcoins are shooting up in value. Everyone's trying to figure out why.
Well, one big reason behind this surge is MicroStrategy, led by its boss Michael Saylor, gobbling up Bitcoin like it's going out of style. They just dropped another $155 million on Bitcoin, pushing their stash to a whopping 193,000.
Saylor's been playing his cards right, especially with the Bitcoin halving on the horizon and more spot Bitcoin ETFs piling in. MicroStrategy's been grabbing up nearly 3,000 Bitcoins at around $51,813 each, according to filings with the SEC. That's got folks feeling confident about where the market's heading.
Let's not forget that the iShares Bitcoin Trust (IBIT) from BlackRock (BLK) now holds more than $1 billion worth of bitcoin.
Do you think BTC will hit that 100k that everyone is waiting for❔
Food for thought. Do your homework. ✅
‼️ Nothing you read here is a financial advice, please DO your OWN Research.
XAI, this gaming thing on Arbitrum's Layer 3 chain, is about to shake things up.
They're dropping their token staking system, starting with Version 1 next week and Version 2 in March.
This ain't just any old news; it's a game-changer for gaming on Arbitrum. They're making it easier for players, tapping into Arbitrum's Layer 2 tech to speed up transactions and cut costs on Ethereum.
XAI's gaming solution? It's the backbone of the platform, showing just how far they've come and where they're headed next.
I can a bullish move for this, but anyway, do your own homework (research). 🗣
Alright, listen up! Some big shot in the Ethereum game just dropped a fat stack of $155.7 million on ETH. That's right, as Ethereum gets closer to hitting $3,000, this whale's making moves that'll make your head spin. Spot On Chain, those crypto detectives, caught wind of it – this whale's been splurging on ETH like there's no tomorrow.
Now, let's talk numbers. Ethereum's sitting pretty at $2,906, up almost 4% in a day and a massive 16.51% in a week. And check out that trading volume – it's shot up by over 53% to a crazy $26.65 billion. This ain't just luck, folks; it's a damn vote of confidence in Ethereum. And what's got everyone hyped? The big boys are eyeing this move. When whales like this start throwing their weight around, it's usually 'cause they smell profit. Analysts are whispering about big-money players jumping in, pushing Ethereum even closer to that sweet $3,000.
Filecoin and Solana have joined forces to revolutionize blockchain operations by integrating decentralized storage solutions. 🤘🔥 ------------------------------- This partnership aims to enhance Solana's capabilities, making its blockchain more reliable and scalable. Solana's decision to incorporate Filecoin's decentralized storage for block history storage will benefit various users, including infrastructure providers, explorers, and indexers, who rely on historical data access.
Also it explains today's pump, and my prediction is that it can go way higher!