A week away from elections, Bitcoin smashes $71K mark. ETF inflows top $4B in 12 days. Every institution type is now represented in US BTC ETFs. Around 98% of Bitcoin holders currently in profit.
With the 2024 election bringing crypto policies to the forefront, it’s evident that Bitcoin's market trajectory is increasingly tied to regulatory stances. The fact that candidates are actively courting the crypto community indicates that digital assets are no longer on the fringe of U.S. economic policy. It’ll be interesting to see if this support continues post-election or if it’s just campaign rhetoric.
It's intriguing to see how institutional money is pouring into Bitcoin in ways we haven't seen before. BlackRock’s aggressive entry, coupled with university endowments jumping in, signals a shift from speculative hype to a long-term asset allocation. This could stabilize Bitcoin's price volatility, making it more viable as a mainstream asset.
Another insightful article, thank you!!
With the 2024 election bringing crypto policies to the forefront, it’s evident that Bitcoin's market trajectory is increasingly tied to regulatory stances. The fact that candidates are actively courting the crypto community indicates that digital assets are no longer on the fringe of U.S. economic policy. It’ll be interesting to see if this support continues post-election or if it’s just campaign rhetoric.
It's intriguing to see how institutional money is pouring into Bitcoin in ways we haven't seen before. BlackRock’s aggressive entry, coupled with university endowments jumping in, signals a shift from speculative hype to a long-term asset allocation. This could stabilize Bitcoin's price volatility, making it more viable as a mainstream asset.