Crypto Blog
American entrepreneur Anthony Pompliano highlights Bitcoin’s exceptional performance, emphasizing its 100% increase in value this year amidst global chaos and uncertainty, positioning it as a favored asset for investors.Pompliano attributes Bitcoin’s recent surge to the collapses of major US banks, China’s banking crisis, and escalating geopolitical tensions, indicating that these events are driving investors toward decentralized currencies, particularly Bitcoin.
The first three US banks’ collapses paved the way for BTC’s appreciation. Meanwhile, the recent banking crisis in China could’ve helped BTC similarly. The war in the Middle East could drive oil prices further, affecting the stock market considerably. However, others are going further. A new report from Galaxy Research states that Bitcoin ETFs could see a minimum of $14B in inflows in year one, which could lead to at least 75% in price appreciation for BTC in the year following the approval.Google’s Swift Move Towards Web3 Adoption: Advancements and ImplicationsSix Important Considerations for the Ethereum Price Going in Q4 2023
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