Thursday, March 28, 2024
Home > Asserts

Spot bitcoin ETFs deserve approval, asserts former SEC chairman Jay Clayton

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent CNBC interview, former SEC Chair Jay Clayton discussed the changing regulatory environment surrounding bitcoin ETFs, stating that it would be challenging to resist approving them. Clayton explained that institutions are arguing that the distinctions

Read More

Gold, bond portfolios are ‘naked’ without Bitcoin, Bloomberg strategist asserts

What is protecting an investment portfolio from potential stock market volatility? As per Bloomberg Intelligence's Mike McGlone, a merged exposure of Bitcoin (BTC), gold, and government bonds.The senior commodity strategist, who sees BTC heading to $100,000, pitted derivatives in a new report representing the three safe-haven assets against the performance of the

Read More

Ethereum could pave way for $100,000 Bitcoin, Bloomberg analyst asserts

Ether (ETH) has outperformed Bitcoin (BTC) in terms of year-to-date market performance, rising more than 320% against BTC's 54% returns. But, according to Bloomberg Intelligence senior commodity strategist Mike McGlone, Bitcoin would soon catch up to Ether's gains, which might even push its per-unit price to $100,000."If Bitcoin were to

Read More

$60K is now more likely for Bitcoin than $20K, Bloomberg’s senior strategist asserts

Bitcoin (BTC) has better probability of recovering back to $60,000 than to break below its current support level of $30,000 and target $20,000, believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence.A screenshot from McGlone's latest analysis on the flagship cryptocurrency, first shared by Bloomberg's senior ETF analyst, Eric Balchunas, shows

Read More