First leveraged MicroStrategy ETF launches in the US
The ETF could offer more leveraged exposure to Bitcoin, especially for institutional investors looking to diversify their holdings.
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The ETF could offer more leveraged exposure to Bitcoin, especially for institutional investors looking to diversify their holdings.
The government could also be looking to custody or trade the Bitcoin, based on a recent partnership with Coinbase Prime.
The Bitcoin price could experience significant downside volatility unless it manages to recover above $60,000 before the options expire on Aug. 16.
The United States government is currently the largest geopolitical holder of Bitcoin, with 203,000 BTC under the control of the US.
Bitcoin’s response to the CPI report was surprisingly muted.
The same study correctly predicted Bitcoin price to reach $65,732 in 2021, a mere $1,050 price difference from the previous all-time high.
Bitcoin’s 2024 bull run was mainly driven by institutional inflows, which could be the key to unlocking the next leg up.
If Bitcoin follows its standard post-halving trajectory, its price should be in the six-figure range by 2025.
Hive’s new high-performance computing platform clocked around $2.6 million in sales in the second quarter of 2024.
Bitcoin could gain significant traction from the growing M2 money supply, but a correction below $58,000 is still on the table before more upside.
