🔥Are Bitcoin ETFs the new choice: $2.4 billion outflow from gold funds

While the acceptance of Bitcoin spot ETFs in the USA has caused billions of dollars to shift to this area, billions of dollars of outflows in gold ETFs do not go unnoticed despite the inflationary environment. Analysts state that in the long run, Bitcoin may steal the title of "the world's primary store of value" from gold.

While Bitcoin ETFs continue to attract non-stop attention from all over the world, ETC Group, a British investment fund and product issuer, stated that Bitcoin could steal gold's role as a "store of value" in the long run.

👉“The role of US ETFs is huge…”

Andre Dragosch, research manager of the London-based company, which has been providing ETP and ETF services to corporate companies since 2003, stated that there is a clear conflict between gold and Bitcoin ETFs:

“These figures may be early signals that Bitcoin could steal its status as a store of value from gold. Most of the recent investments in Bitcoin ETFs come from American ETFs. “These ETFs have a huge role in Bitcoin's upward movement.”

👉There is a way out

While the Bitcoin ETFs, which are in the top 10 in terms of size, have received a net investment of $3.9 billion since the beginning of the year, the outflows below are noteworthy. According to the research of Ryze Labs, known for investing in early crypto projects, a net amount of $ 2.4 billion has come out of the 14 largest gold ETFs since the beginning of the year.

Andre Dragosch also added that if prices increase like this, Bitcoin ETFs could surpass gold ETFs within 2 years.

##BTC‬ #ETH’ #BNB

🔥Important developments of next week

Monday
• Listing of Binance's launchpool project $PIXEL will take place - 13.00
• The entire Mask Network supply will be put into circulation. $MASK

Tuesday
• Binance; It will delist Monero $XMR, Aragon $ANT, Multichain $MULTI and Vai $VAI projects.
• Starknet's token $STRK will be launched.

Wednesday
• Federal Open Market Committee (FOMC) Meeting Minutes Will Be Released - 22.00

💥 Projects to be unlocked next week:

• $DYDX 6.34 million units and $20M (0.63% of total supply) on Tuesday, February 20

• $ALGO 33.34 million units and $6M (0.33% of total supply) on Wednesday, February 22

• $ID 18.49 million units and $11M (0.92% of total supply) on Wednesday, February 22

• $AVAX 9.54 million units and $395M (1.32% of total supply) on Wednesday, February 22

• $FIDA 18.21 million units and $6M (1.82% of total supply) on Friday, February 23

• $IMX 36.83 million units and $115M (1.84% of total supply) on Friday, February 23

• $C98 19.45 million units and $6M (1.94% of total supply) on Friday, February 23

#BİTCOİN #etherum #BNB #BNBChain⚡️ #Write2Earn

🔥💥

🔥Worldcoin (WLD), which increased by 150 percent in 1 week, broke a price record

Worldcoin (WLD), the cryptocurrency project of Sam Altman, one of the founders of OpenAI, broke the price record once again as of this morning. The application of the coin, which has increased by more than 150% in the last week, exceeded 1 million users for the first time.

Worldcoin (WLD), the much-discussed and even banned crypto project of Sam Altman, one of the founders of OpenAI company, known for its artificial intelligence research, reached an all-time high as of this morning. WLD, which increased by 150% in the last week and 30% in the last 24 hours, left behind $ 7 and made ATH.

Worldcoin also announced yesterday from its X account that World App, the application developed for the Worldcoin project, has exceeded 1 million users.

👉Sora came after his statement

It is also noteworthy that the increase in Worldcoin came after OpenAI announced Sora, an application for creating videos from text. Sora was the topic of last week in many fields, from technology to traditional media, and brought artificial intelligence developments to the agenda again.

👉7 trillion dollars wants investment!

It was also claimed that Sam Altman thought that some restrictions in artificial intelligence chip development were hindering the growth of the OpenAI company, and therefore he was looking for an investment of between 5 and 7 trillion dollars. According to the Wall Street Journal, Altman is in talks with both the USA and the UAE on this issue.

👉Worldcoin continues to be discussed

Worldcoin, which is a system of creating records by scanning people's pupils to create a global identity system, was last banned in Kenya, where it attracted a lot of attention. The progress of the project was suspended in India. The Hong Kong regulator also launched an investigation into Worldcoin due to concerns about privacy and data privacy.

$WLD

💥Standard Hartered Analysis:
👉Bitcoin is Ready for $7 Trillion Funds

Geoff Kendrick, director of crypto research at British banking giant Standard Chartered, said that there may be an investment flow into Bitcoin from US pension funds. According to Kendrick, a total of $50 to $100 billion will be invested in spot Bitcoin ETFs in 2024.

There are approximately 70 million active participants in retirement funds, also known as 401(k). The funds hold $7 trillion in assets on behalf of millions of employees and retirees.

Behind $100k estimate

On the other hand, Kendrick stated last week that he stands by his prediction that Bitcoin will reach 100 thousand dollars in 2024. The analyst did not have a target of 200 thousand dollars for 2025

🔥“The impact on Ether will be greater”

Kendrick also touched on spot Ether ETFs pending U.S. Securities and Exchange Commission (SEC) approval. The bank analyst stated that investments in Ether ETFs could be between $20 and $35 billion by the end of this year. Kendrick thinks the ETF impact will be greater for Ether:

“In the run-up to the approval of the Spot Ether ETF, the price impact on Ether is likely to be greater than on Bitcoin. This is partly because assets held in Grayscale's Ether fund, as well as Ether ETFs in Europe and Canada, make up a small percentage of Ether's total market cap. This was greater in Bitcoin. Therefore, it seems likely that the excess demand buildup for Ether will be greater than for Bitcoin.

#BİTCOİN #Ethereum #BNB

🔥Hours Left to Weekly Closing in Bitcoin and ETH! What are the Critical Levels?

We have come to the end of another week in the cryptocurrency industry. As of this week, the leading cryptocurrency Bitcoin (BTC) and many altcoins have managed to exhibit volatile increases. With its rise this week, BTC saw its levels at the end of 2021 for the first time.

BTC, which managed to experience sharper increases with the passage of $ 46,650, which is a critical resistance point, will realize its weekly closing tonight. BTC is expected to continue its uptrend as long as it remains above $50,000.

Bitcoin (BTC), which may also target ATH levels in the coming weeks, may experience serious losses in value if it makes weekly closings below the $ 46,600 support.

🔥What's the Latest Situation in Ethereum (ETH)?

When we look at the latest situation of the leading altcoin Ethereum (ETH), we see that it still cannot make the expected leaps compared to Bitcoin.

All eyes are now on the $3,500 major resistance point for Ethereum. ETH rising above $3,000 next week could fuel the rise.

#BİTCOİN #Ethererum

#Bitcoin's on-chain analysis points well beyond $52 thousand

Bitcoin is approaching its peak of $69,000 every day, seen in 2021. The number one cryptocurrency has increased by 10 percent in the last week and more than 20 percent in the last month. The increase rate in a one-year period was 120 percent.

If Bitcoin gains approximately 38 percent from the current level of $51,800, it will reach the level of $69,000. Of course, Bitcoin reaching this peak will not satisfy investors who have been waiting for a new record for three years. Analysis of blockchain data shows that Bitcoin has a long way to go to reach its cyclical peak. This means that if we accept that Bitcoin is in a bull cycle, its new peak will be well beyond $69,000.

Ki Young Ju, CEO of on-chain analysis company CryptoQuant, stated that the rate of Bitcoins that have not moved for 6 months (according to Realized Cap) is 63 percent and compared this rate to the bull markets of the past. Accordingly, at the peak in 2021, the rate in question was 15 percent, at the peak in 2018 it was 5 percent and at the peak in 2014 it was 5 percent. CryptoQuant CEO said, “We have a long way to go to reach the cyclical peak.” commented

#BİTCOİN #etherum #BNB #Write2Earn