Bitcoin: all-time high on the push of ETFs
This will be a short linear piece. Bitcoin hit an all-time high, at over $ 64,000 for one BTC
The flow of orders is sustained, so it seems that the bullish push is far from being exhausted.
Today the Bitcoin Proshare ETF was launched, and this is the effect of the launch of this tool on the NYSE. The ETF will also allow other institutional investors to enter this sector and therefore demand for BTC is expected to increase. Furthermore, inflationary voices are certainly giving a boost to an asset that, precisely due to the nature with which it has been studied, has a deflationary structure.
In general, however, the world of virtual currencies is expanding, as can also be seen from this infographic. in which it is noted that the three main networks process 1.5 million operations per day.
Thanks to our Telegram channel you can stay updated on the publication of new articles of Economic Scenarios.
The Bitcoin article : all-time high on the push of ETFs comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/bitcoin-massimo-storico-sulla-spinta-dei-future/ on Tue, 19 Oct 2021 20:45:59 +0000.