🧵 1. Bitcoin surges, nears 2-year high, erasing previous selloff after ETF hangover. Excitement grows for potential $1 trillion market value. #crypto
🧵 1. Bitcoin surges, nears 2-year high, erasing previous selloff after ETF hangover. Excitement grows for potential $1 trillion market value. #crypto
🧵 2. Spot bitcoin ETFs allow mainstream investors to buy same-day on exchanges. GrayScale and BlackRock operate these funds. $1.8 billion inflows so far.
🧵 3. Bitcoin's recent rally fueled by optimism post-ETF approval and upcoming halving event. Miners' rewards cut, slowing supply growth, potentially pushing prices higher.
🧵 4. Bitcoin's rise brings it closer to a $1 trillion market value, last achieved in 2021. Limited to 7 companies globally, bitcoin adds new investment class.
🧵 5. Bitcoin's current surge reflects untapped demand from ETF approval and halving event expectations. After January's selloff, market sentiment turns bullish.
🧵 Read more at: https://www.forbes.com/sites/dereksaul/2024/02/09/bitcoin-price-storms-toward-2-year-high/