Success of Blackrock and other financial service providers: Bitcoin ETF could mean the breakthrough as an asset class - further price gains by the end of the year probably

Von Krypto News Österreich

Der Einstieg großer Finanzdienstleister, allen voran BlackRock, in das Rennen um die Zulassung eines ersten Spot-ETFs auf den Bitcoin in den USA hat der Digitalwährung seit Mitte Juni neuen Schub gegeben. Dies ist ein klares Signal für die wachsende Akzeptanz von Bitcoin als Anlageklasse. Mike Novogratz, Gründer der Kryptobank Galaxy Digital, zeigt sich in einem Bloomberg-Interview optimistisch und glaubt, dass die Zulassung eines physischen Bitcoin-ETFs in den USA „wahrscheinlich passieren wird“. Er betont, dass ein ETF ein einfacher erster Schritt ist, um in Bitcoin zu investieren und dass die Zulassung einem Gütesiegel der SEC und der US-Regierung gleichkommt. Novogratz äußert …
The entry of great financial service providers, especially Blackrock, in the race for approval of a first spot ETF to Bitcoin in the USA has given the digital currency new thrust since mid-June. This is a clear signal for the growing acceptance of Bitcoin as a asset class. Mike Novogratz, founder of the Kryptobank Galaxy Digital, is optimistic in a Bloomberg interview and believes that the approval of a physical Bitcoin ETF in the USA will "probably happen". He emphasizes that an ETF is a simple first step to invest in Bitcoin and that the approval of a seal of approval from the Sec and the US government is equivalent. Novogratz expresses ... (Symbolbild/KNAT)

The entry of great financial service providers, especially Blackrock, in the race for approval of a first spot ETF to Bitcoin in the USA has given the digital currency new thrust since mid-June. This is a clear signal for the growing acceptance of Bitcoin as a asset class. Mike Novogratz, founder of the Kryptobank Galaxy Digital, is optimistic in a Bloomberg interview and believes that the approval of a physical Bitcoin ETF in the USA will "probably happen". He emphasizes that an ETF is a simple first step to invest in Bitcoin and that the approval of a seal of approval of the Sec and the US government is equivalent.

Novogramm also comments on the medium -term development of Bitcoin. He is confident that the course will be higher at the end of the year. The Bitcoin is currently between $ 28,000 and $ 32,000, but if the upper limitation is overcoming, the upward movement could absorb. The US Federal Reserve Fed could give impulses for Bitcoin with a monetary trend reversal. However, Novogratz does not call more precise targets.

The decision-making processes of the supervisory authorities have subdued the ETF euphoria, so that the further procedure of the Fed is now in the foreground when it comes to interest rate increases. The Bitcoin currently loses around one percent on a 24-hour perspective, but continues to notify significantly above the 30,000 mark.

experts agree that the Bitcoin still has a lot of room for improvement in the long run. The analysts of the British Bank Standard Chartered even trust him to increase $ 120,000 by the end of 2024. The complete arguments for this can be found in the new issue (29/23) of the shareholder.

However, it is important to note that the CEO and majority owner of the publisher Börsenmedien AG as well as the editor -in -chief of this publication hold positions in Bitcoin and related financial instruments, and therefore potentially benefit from price development. The author of this article also keeps positions in Bitcoin.