Galaxy Digital CEO Mike Novogratz sees “a tremendous global demand for bitcoin,” emphasizing: “This is probably the first time in the history of bitcoin that we have true price discovery.” Noting that there is “a new army of buyers” and there is also “an army of salespeople,” he expects the price of bitcoin to be […] Original
Oliver Michel, founder and CEO of German-based venture capitalist firm Tokentus Investment AG, has given a bullish price prediction for the XRP price. According to him, XRP could hit $10 soon enough. XRP Price To $10 Is Just The Beginning Michel mentioned during an interview with Der Aktionär, a leading German finance magazine, that he expects XRP to rise to between $5 and $10 in the first wave of its parabolic move to the upside. Interestingly, he added that XRP would eventually hit three to four figures and didn’t seem…
By Enoch Mutembei As the sentencing date for Sam Bankman-Fried, the former FTX CEO, approaches, a plea for clemency has emerged from an unexpected source – his own family. In a recent filing to the United States District Court for the Southern District of New York, SBF’s lawyers submitted 29 letters of support, including heartfelt recommendations from his mother, father, and brother. Barbara Fried, Joseph Bankman, and Gabriel Bankman-Fried, the mother, father, and brother of the 31-year-old former CEO, all penned letters to Judge Lewis Kaplan, shedding light on SBF’s…
Whether it even needs to bother is another question. Bloomberg analyst James Seyffart noted Thursday that one of Vanguard’s ETFs, VOO, which tracks the S&P 500 Index, has attracted $15.7 billion in net new money so far this year, double what BlackRock’s spot bitcoin ETF, IBIT, has collected. Source CryptoX Portal
Whether it even needs to bother is another question. Bloomberg analyst James Seyffart noted Thursday that one of Vanguard’s ETFs, VOO, which tracks the S&P 500 Index, has attracted $15.7 billion in net new money so far this year, double what BlackRock’s spot bitcoin ETF, IBIT, has collected. Source
Grayscale renewed pressure on the SEC to greenlight options on spot Bitcoin ETF as the investment manager seeks new rails to onboard capital into its crypto fund. Grayscale CEO Michael Sonnenshein said approving options for spot Bitcoin (BTC) ETFs would benefit all GBTC investors and participants in other spot BTC-backed products looking to generate income and hedge financial positions. Sonnenshein previously advocated for the speedy acceptance of spot BTC ETF options as an additional tool for market regulations, as it would bring more stakeholders like broker-dealers into the fold. Options…
Hunter Horsley, the Chief Executive Officer (CEO) of crypto index fund manager, Bitwise, has stayed highly optimistic about the Bitcoin bullish outlook, predicting that the cryptocurrency will witness a rise to $250,000 sooner than most think. BTC’S Road To $250,000 In a recent X (formerly Twitter) post on Wednesday, Horsley made a bold prediction about Bitcoin, foreseeing the cryptocurrency rising to new all-time highs never seen before. The CEO has stated that BTC could reach $250,000, jumping over four times its current price above $62,000. Furthermore, Horsley has expressed his belief…
The chief executive of Bitwise Asset Management expects the price of bitcoin to hit $250,000 sooner than most people would imagine. Moreover, he believes that bitcoin is going to eat into gold’s total addressable market “faster than people expect.” He opined: “Bitcoin ETFs were bitcoin’s IPO moment. It’s now available to any investor with the […] Original
In a significant development for Bitcoin.com, a trailblazer in the cryptocurrency domain, the company announces the resignation of its CEO, Dennis Jarvis, and the welcoming of Corbin Fraser as the new Interim CEO. This leadership change marks a new chapter in Bitcoin.com’s journey towards making cryptocurrency accessible and usable for everyone, everywhere. During his tenure […] Original
Mike Novogratz, CEO of Galaxy Digital, recently shared his insights on Bitcoin’s future and the role of Exchange-Traded Funds (ETFs) in boosting retail demand for digital assets. During an interview with Forbes, Novogratz highlighted the significant impact of traditional finance in driving Bitcoin’s next growth phase. His optimism follows the U.S. Securities and Exchange Commission’s approval of the first U.S.-listed spot bitcoin ETFs, a move he believes could mark the beginning of a new era for institutional and retail engagement in the cryptocurrency sector. ETFs are anticipated to play a…