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Former Alameda Research CEO Caroline Ellison Hit With Two-Year Prison Sentence

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Former Alameda Research CEO Caroline Ellison was sentenced on Sept. 24 to two years in a minimum-security prison for her role in the collapse of FTX.

The sentence was handed down by Judge Lewis Kaplan of the District Court of Southern New York, who also ordered Ellison to forfeit the roughly $11 billion she earned from FTX.

Kaplan stated that Ellison’s surrender date would be set on or after Nov. 7.

A light sentence was given, considering Ellison could have faced up to 110 years in prison for her crimes. However, the judge expressed considerable sympathy for her situation. According to Bloomberg, he told her:

“You’re a very strong person, Ms. Ellison, in some ways, but not inviolable. Mr. Bankman-Fried had your Kryptonite. […] You were vulnerable and you were exploited.”

Ellison clasped her hands in front of her as the sentence was read, with family members present at the trial visibly emotional.

She also voiced concerns about harassment from the crypto community, both in media and in real life, which has left her fearful of public appearances.

Ellison cooperated extensively with the prosecution in the case against Sam Bankman-Fried, her former colleague and purported boyfriend, leading the prosecution to recommend leniency for her.

Her lawyers had requested a sentence of time served, but Kaplan stated there would be no “get out of jail free” card.

The sentencing raises expectations that co-defendants and former FTX executives Gary Wang and Nishad Singh will also face jail time. Singh is scheduled for sentencing on Oct. 30, while Wang’s is set for Nov. 20.

Like Ellison, both have pleaded guilty to their charges.

Former FTX executive Ryan Salame was sentenced to seven and a half years in prison in May, and FTX founder Sam Bankman-Fried received a 25-year sentence in March.

W3GG Token to be Listed on Gate.io, MEXC, and Uniswap, Leading the Future of Web3 Gaming

Baguio City, Philippines, September 24th, 2024, Chainwire

W3GG, the Yield Guild Games (YGG) backed decentralised gaming protocol, is thrilled to announce the listing of its native token, $W3GG, on Gate.io, MEXC, and Uniswap, marking a milestone in its mission to redefine the gaming industry through Web3 technology. The listing is scheduled to go live on 25th September 2024 at 10am UTC, offering users access to a project at the intersection of blockchain and gaming.

W3GG and the Future of Web3 Gaming

According to the team, the gaming industry, which is projected to reach $125 billion by 2032 according to Global Market Insights, is undergoing a shift with the rise of Web3 gaming. Web3 is changing how gamers interact with the digital world by promising digital asset ownership and earnings opportunities within games. The W3GG protocol acts as a part of this transformation by offering players ownership of in-game assets and empowering developers to try and reward users directly.

W3GG’s decentralised gaming protocol allows gamers the chance to earn blockchain-based rewards, with the intention that contributions like in-game achievements, time spent, and community building are recognized and rewarded. Furthermore, the W3GG token offers gamers the ability to engage and shape the future direction of the ecosystem.

Expanding Market Reach

The listing of $W3GG on Gate.io, one of the top 10 global exchanges by trading volume, and MEXC, another global exchange known for its focus on emerging blockchain projects, ensures that the token will be available to a wide and diverse user base. Additionally, the decentralised nature of Uniswap allows users to trade $W3GG seamlessly and directly, providing the ability for liquidity and ease of access for decentralised finance enthusiasts.

Position in the Web3 Gaming Ecosystem

According to Delphi Digital, Web3 games and metaverse projects raised nearly $673 million from January to June 2024, underscoring the rapid evolution of this space.

W3GG, with its decentralised gaming protocol, and growing ecosystem of over 70 different web3 games, is hoping to capitalise on this growth. The protocol’s native token aims to not only fuel in-game transactions and rewards opportunities, but also enable users to participate in the governance and future direction of the platform. By leveraging the potential of blockchain technology, W3GG is aiming to establish itself as a key player in this multi-billion-dollar market.

Token Utility and Governance

The $W3GG token will serve as the core utility token of the ecosystem:

  • Governance: Empowering community engagement on the future direction of the protocol 
  • Staking and Rewards: Gamers can stake $W3GG to unlock exclusive rewards and gain exposure to the growing W3GG ecosystem
  • GameFi Integration: Facilitating play-to-earn mechanics
  • NFT Marketplace: Powering in-game asset trading
  • Launchpad Access: Exclusive entry to new Web3 gaming projects
  • Talent Network: Connecting skilled gamers with opportunities
  • Gated Access: Exclusive entry into IRL events, redeem against merchandise, NFT whitelists, tournament access, gaming assets and more

CEO Statement

“We have been building since 2021 and we are excited to finally bring W3GG to a global audience through these listings on Gate.io, MEXC, and Uniswap,” said Irene Umar, CEO of W3GG. “As Web3 gaming continues to grow, we believe our decentralised gaming protocol will grow with it, offering true digital ownership, decentralised governance, and a seamless way for game developers to reward their most engaged players. This is just the beginning of our journey to reshape the gaming landscape in Southeast Asia and beyond.”

About W3GG

W3GG is pioneering a decentralised gaming protocol designed to reward gamers through blockchain-based tokens, digital ownership of in-game assets, and community-driven governance. The protocol aims to bridge the gap between traditional gaming and the emerging Web3 ecosystem, ushering in an era where every interaction in the gaming ecosystem has tangible value and impact. W3GG is backed by industry giants such as YGG, IVC, Animoca Brands and has strategically invested in over 70 cutting-edge web3 games, including Dark Times, Heroes of Mavia, APEIRON, and Wild Forest.

For more information, readers can visit w3gg.io

Contact

Head of Marketing and Community
Joyal Langoy
W3GG
joyal@w3gg.io

HashKey Global Introduces Industry-First Zero-Fee Futures Trading, Sets Sights on Becoming the World’s Largest Licensed Futures Exchange

Hamilton, Bermuda, September 24th, 2024, Chainwire

HashKey Global, a licensed virtual asset exchange, has announced the launch of a zero-fee campaign for futures trading, set to go live on September 27, 2024. Aiming to become the world’s largest licensed futures trading platform, HashKey Global is the first in the industry to introduce zero trading fees for futures trading, eliminating all trading costs for users and offering a more competitive trading environment for traders worldwide.

As a licensed exchange, HashKey Global achieved profitability within three months and has risen to the ranks of top global exchanges within just six months (*According to Coingecko, as of September 23, 2024, HashKey Global ranks No.11), surpassing 600,000 registered users. Its futures trading has shown strong growth in ranking, open interest, and trading volume.

Ben El-Baz, Managing Director of HashKey Global, stated, “In less than six months, HashKey Global has become one of the world’s largest licensed futures trading platforms. By being the first to introduce a zero-fee policy for futures trading, we aim to enable global users to trade safely and achieve our goal of becoming the world’s largest licensed futures trading exchange.”

The Zero- Fee Futures Trading Campaign at HashKey Global will officially begin at 00:00 (UTC+0) on September 27. During the “Zero-Fee for Futures Trading” campaign, all trading pairs for futures will be exempt from trading fees, accessible via both web and app platforms. At the same time, HashKey Global will launch the “Daily Futures Trading Showdown,” where participants can compete for daily returns, with the top performers eligible to win up to 500 USDT. For detailed rules, please refer to the official announcement. For more details about the campaign, users can visit: https://support.global.hashkey.com/hc/en-us/articles/16027127382428

HashKey Global remains committed to providing a seamless and mature trading interface, a secure and regulated asset environment, and a safe yet user-friendly futures trading experience as it works towards becoming the world’s largest licensed futures exchange.

About HashKey Global

HashKey Global is the flagship digital asset exchange under HashKey Group, offering licensed digital asset trading services to users worldwide, and becomes one of the fastest-growing crypto exchanges in 2024. HashKey Global has obtained a license from the Bermuda Monetary Authority providing mainstream trading and service products such as LaunchPad, contracts, leverage, etc. HashKey Global does not service users from Hong Kong, United States, Mainland China and certain other jurisdictions in compliance with laws and regulations. Certain services, features, and campaigns may not be available in your jurisdiction.

users can read HashKey’s latest Disclaimer.

For more details, users can visit global.hashkey.com. Follow us on X, Telegram, and Discord

For media inquiries, users can contact luna.wang@hashkey.com

Contact

Senior PR Manager
Luna Wang
HashKey Global
luna.wang@hashkey.com

Kamala Harris Vows to Support Crypto and Digital Assets

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United States Vice President Kamala Harris made her first public statement about crypto during her presidential election campaign. In comments made at a Wall Street fundraiser, Harris vowed to encourage investment in artificial intelligence and digital assets.

“We will partner together to invest in America’s competitiveness, to invest in America’s future. We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors,” Harris stated at a fundraiser in Manhattan, as reported by Bloomberg on Sept. 22.

“We will create a safe business environment with consistent and transparent rules of the road,” she added. “We will invest in semiconductors, clean energy and other industries of the future, and we will cut needless bureaucracy.”

This is the first time Harris has publicly addressed crypto since becoming the Democratic Party’s presidential frontrunner. Her Republican rival, Donald Trump, has also sought support from the crypto industry.

The industry has speculated whether Harris would adopt a different approach to crypto compared to President Joe Biden, who some perceive as unfriendly to the sector.

In August, Harris’ senior campaign adviser, Brian Nelson, hinted she would support crypto policies if she wins the presidential election in November. However, she emphasized that the industry needs “rules of the road,” citing the collapse of some companies.

“This is an important and constructive statement from Kamala Harris,” Coinbase policy chief Faryar Shirzad noted in a Sept. 22 post on X.

“It’s not nearly as forward-leaning as the concrete and visionary positions taken by Donald Trump, but it’s still notable because she recognizes digital asset innovation as being important and on par with AI,” he added.

Alexander Grieve, vice president of government affairs at venture firm Paradigm, called Harris’ remarks “encouraging,” stating that regardless of the outcome in November, “this should be the last anti-crypto administration.”

“This is progress and progress is good,” crypto venture firm Variant’s legal chief Jake Chervinsky commented on X. “But ‘while protecting our consumers and investors’ could mean a lot of things.”

“The anti-crypto army uses ‘consumer protection’ as a smoke screen to conceal their attempts to destroy our industry,” he claimed. “I, for one, want to see policy details.”

Crypto has become a campaign issue, with US crypto companies, including Coinbase, Ripple, and Gemini, spending nearly $120 million to influence the upcoming elections, as reported by Public Citizen in August.

Trump has released four non-fungible token collections, endorsed his family’s crypto platform, and has closely embraced the crypto industry. He’s promised to be a “crypto president” and to fire US Securities and Exchange Commission Chair Gary Gensler, whose agency has initiated multiple enforcement actions against major crypto players.

Harris and Trump are neck-and-neck in national polls, with Harris leading Trump by only 2.9 percentage points, according to Sept. 22 data from FiveThirtyEight.

Donald Trump and His Sons Launch the New Crypto Project Despite Him Calling Industry a “Scam” Years Back

The former U.S. president Donald Trump has recently launched the new crypto project, World Liberty Financial (WLF), raising concerns about the conflict of interest. The asset was made by Trump and his sons, Eric and Donald Jr., and it could change the banking systems we remember for using stablecoins instead.

As there are not many details available, certain people in the market are concerned about potential conflicts of interest, considering Trump’s political ambitions.

World Liberty Financial and Its Focus on Stablecoins

World Liberty Financial’s focus is now on stablecoins – crypto assets designed to keep a strong price by linking to traditional currencies such as the US dollar. The stability it offers makes it one of the most attractive options for investors right now, especially when compared to some riskier options like Bitcoin or Ethereum.

Trump’s sons said that WLF will offer lending, money transfers, and digital real estate services, trying to minimize the need for traditional banks.

While all specifics still remain a mystery, early reports say WLF will focus on providing safe and user-friendly crypto services. To fully use that potential, users must store their assets in this secure wallet, providing a safe environment for their portfolio.

Controlling and Owning WLF

WLF’s governance structure is really interesting, as the platform is expected to use blockchain-powered governance tokens that provide voting rights but no economic benefits such as dividends or profits.

Each owner will be limited to holding only 5% of the tokens, with 63% available to the public, and the remaining tokens split between user rewards (17%) and compensation for WLF staff and advisers (20%).

At first, a leaked draft suggested 70% of tokens would be controlled by the project’s founders and employees, with certain investors raising concerns about the true intentions behind the project. Anyway, these numbers have since been changed, which will most likely calm the community.

Trump’s dealing with the crypto project has started big ethical debates, mostly because of his current political status. So, if he wins the presidency in 2024, he could directly regulate the crypto industry, potentially creating conflicts of interest.

Critics say that a combination of Trump’s political power and his business projects like the WLF token could hurt trust in Trump and his work.

Community Concerns and Conflicts of Interest

Trump’s thoughts on crypto assets have changed a lot since 2021, when he called Bitcoin a “scam” and a “disaster waiting to happen.” Now, partly because of his sons’ influence and the success of his blockchain-based NFT sales, which have earned him over $7 million in royalties, Trump seems to have realized the importance of digital assets.

His sudden change in opinion, combined with the new WLF project, brings questions about how his personal business interests might impact some future regulatory decisions if he returns to the office.

Many industry experts have commented on the potential conflicts of interest, as Trump continues promoting his family’s crypto business while running the political campaign at the same time. If elected, Trump could have a lot of power over the crypto regulations, creating a serious ethical dilemma on the market.

Danielle Brian from the Project on Government Oversight said that Trump’s involvement in the crypto industry could build “serious conflicts of interest,” an idea shared by Trump biographer Tim O’Brien, who called it “a conflict of interest in motion.”

The World Liberty Financials’ Next Step

Despite all these concerns ahead of the election, Trump’s new altcoin remains an interesting opportunity for investors. As he’s using crypto for his campaign, many seasoned analysts believe Trump could lead the market to the next level if he wins the election.

If everything goes as planned, and Trump and his family handle all these problems, World Liberty Financials could easily become the next big name in the industry.

The Role of Smart Contracts in Blockchain

Blockchain technology has been making waves across various industries, promising enhanced security, transparency, and efficiency. One of the most exciting developments in this field is the emergence of smart contracts. These automated contracts, with terms of agreements directly written into their base code, are transforming how transactions are conducted and recorded.

Understanding Smart Contracts

Smart contracts are programs stored on a blockchain that automatically execute actions when predetermined conditions are met. The concept was first proposed by computer scientist Nick Szabo in the 1990s, but it gained traction with the advent of blockchain technology, particularly with the Ethereum platform. Unlike traditional contracts, smart contracts do not require intermediaries, which significantly reduces the risk of fraud and speeds up transaction processes.

Applications of Smart Contracts

The applications of smart contracts are vast and varied. They can be used in financial services, supply chain management, healthcare, and even real estate. In the financial sector, for instance, smart contracts can automate complex financial transactions, ensuring they are executed exactly as agreed upon. This automation minimizes human error and reduces the time needed to complete transactions.

In supply chain management, smart contracts can track the movement of goods from the manufacturer to the consumer. This transparency helps in verifying the authenticity of products and ensures that contractual obligations are met at every stage of the supply chain.

Enhancing Payout Speed

One of the most interesting uses of smart contracts is in the online gambling industry. The reliability and efficiency of smart contracts can address one of the most critical issues for players: the speed of payouts. Traditional online casinos often face delays due to manual processing and verification steps, causing frustration among players. By using smart contracts, casinos can automate the payout process, ensuring that players receive their winnings immediately after fulfilling the winning conditions. This instant execution not only enhances user experience but also builds trust in the platform. For players, this can make the experience of engaging with casino promotions even more attractive, as the assurance of quick and fair payouts adds to the overall appeal.

Security and Trust

Another key advantage of smart contracts is their ability to enhance security. Since they are stored on a blockchain, they are immutable and transparent. This means that once a contract is created, it cannot be altered, reducing the risk of manipulation or fraud. Additionally, the decentralized nature of blockchain ensures that no single entity has control over the contract, which further enhances trust.

Challenges and Future Prospects

Despite their numerous benefits, smart contracts are not without challenges. One of the main issues is the complexity of coding these contracts, which requires a high level of expertise. Errors in the code can lead to significant financial losses. There is also the question of legal recognition and enforcement of smart contracts, as they are still a relatively new concept in many jurisdictions.

Looking ahead, the future of smart contracts is promising. As blockchain technology continues to evolve, it is likely that we will see more user-friendly platforms for creating and managing smart contracts. This will make them more accessible to a broader range of businesses and individuals, further driving their adoption.

In conclusion, smart contracts are revolutionizing the way transactions are conducted across various sectors. Their ability to enhance security, transparency, and efficiency makes them a valuable tool in the digital age. As the technology matures, it will be exciting to see how smart contracts continue to transform industries and potentially become a standard in contract execution.

Bitcoin Price Action Faces Massive Upside As Q4 Beckons

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Investment managers expect the United States debut of options on spot Bitcoin exchange-traded funds (ETFs) to accelerate institutional adoption and potentially unlock “extraordinary upside” for spot BTC holders.

On Sept. 20, the US Securities and Exchange Commission (SEC) greenlighted Nasdaq’s electronic securities exchange to list options on BlackRock’s iShares Bitcoin Trust ETF (IBIT). This marked the first time the regulator approved options tied to spot BTC for US trading.

Listing spot BTC options on regulated US exchanges—where the Options Clearing Corporation (OCC) safeguards traders against counterparty risk—marks a “monumental advancement” in cryptocurrency markets and creates “extremely compelling opportunities” for investors, Jeff Park, Bitwise Invest’s head of alpha strategies, stated in a Sept. 20 X post.

“For the first time, Bitcoin will have a regulated market where the OCC protects clearing members from counterparty risks,” Park added. “This means Bitcoin’s synthetic notional exposure can grow exponentially without the [default] risks that have kept investors at bay.”

Options are contracts granting the right to buy or sell—“call” or “put” in trader parlance—an underlying asset at a certain price. In the US, if one party fails to uphold the agreement, the OCC intervenes and settles the trade.

Spot BTC options unlock an array of capital-efficient portfolio strategies for investors and could potentially catalyze “explosively recursive” price upside for supply-constrained spot BTC, Park mentioned.

Meanwhile, “the introduction of institutional hedging and markets through options devices fundamentally dampens volatility for the underlying asset in aggregate over time,” Tom Dunleavy, a managing partner at crypto investment firm MV Global, told Cointelegraph.

To commence trading, Nasdaq still needs signoff from two other oversight bodies—the Commodities Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC). Analysts expect those approvals imminently, followed by a proliferation of similar products on other exchanges.

“I’m assuming others will be approved in short order,” Eric Balchunas, an ETF analyst at Bloomberg Intelligence, said in a Sept. 20 X post.

Ex-Co-Founder of Hamster Kombat Unleashes New Game-Changing Hard Fork: Meet Hamster Cash

Beijing, China, September 23rd, 2024, Chainwire

In a new development for the gaming and crypto communities, the former co-founder of Hamster Kombat has introduced a new platform—Hamster Cash. This hard fork is designed to enhance the user experience by offering bigger airdrops, and an expanded set of features. The platform’s release has raised questions about what it offers and whether users should consider transitioning.

Motivation for the Launch

The creation of Hamster Cash is driven by a desire to provide more meaningful incentives for users. The co-founder felt that Hamster Kombat wasn’t offering enough in terms of rewards. With Hamster Cash, the aim is simple—bigger airdrops, real-world value, and a smoother experience for users old and new.

Key Features of Hamster Cash

Users familiar with Hamster Kombat will find several reasons to consider switching to Hamster Cash, including:

  • Enhanced Airdrops with Real-World Value: Hamster Cash offers larger airdrops compared to the limited, game-centric rewards of its predecessor. These rewards can be transferred to Ethereum (ETH) wallets, with payments secured via smart contracts on major exchanges such as Binance, ByBit, and OKX.
  • Seamless Progress Transfer: Existing Hamster Kombat users can transfer their in-game progress, achievements, and status to Hamster Cash without disruption, ensuring continuity and immediate access to enhanced rewards.
  • Expanded Ecosystem Features: Hamster Cash introduces new functionalities that go beyond gaming, including NFT creation, peer-to-peer (P2P) trading, and 50% cashback on marketplace transactions. Additionally, users can participate in liquidity pools within the platform’s ecosystem.

Financial and Technological Infrastructure

Skeptics may wonder if Hamster Cash is just another mini-app with big promises and little substance, but this time, the co-founder is backing the project with real financial infrastructure. By launching on major exchanges and integrating secure payment channels, Hamster Cash aims to bridge the gap between gaming and decentralized finance, allowing users to turn their gaming achievements into actual monetary rewards.

With features like the Hamster Marketplace, Hamster Launchpool, and Hamster Academy, the platform is creating a fully-fledged ecosystem where users can potentially earn, trade, and invest.

How to Get Started with Hamster Cash

Hamster Cash makes it easy for both existing Hamster Kombat users and newcomers to join. Users can follow a few steps to participate:

  1. Launch the Telegram Bot: Connect with the official Hamster Cash bot.
  2. Complete Tasks: Add an ETH wallet and follow the provided instructions.
  3. Claim the Airdrop: Upon completion, users can claim their airdrop balance and earn additional rewards through referrals.

About Hamster Cash

Hamster Cash, based on the ERC-20 standard, ensures security and liquidity, allowing Hamster Kombat users to turn gaming achievements into real financial successes. Users can join and become part of the financial revolution in the gaming industry!

Contact

Liam Defiore
press@hamstercash.co

BTC Poised for Explosive Rally Against Gold and US Dollar in 2025

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Bitcoin’s market capitalization has skyrocketed by an astounding 350,000% since its inception, especially when compared to its traditional safe-haven rival, gold.

Recent signals suggest that Bitcoin may be on the verge of another extended price rally, indicating renewed momentum against the precious metal.

According to veteran market analyst Peter Brandt, the BTC/GLD ratio chart compares the performance of these two assets and could serve as a barometer for gauging Bitcoin’s adoption rate relative to gold. For instance, an increase in this ratio reflects Bitcoin outperforming gold in market cap performance, and vice versa.

Brandt predicts that the Bitcoin-to-gold ratio may rise by more than 400% in 2025, supported by a classic technical pattern. This pattern, known as the inverse head-and-shoulders (IH&S), develops when the price forms three consecutive troughs, with the middle trough—referred to as the head—being deeper than the left and right shoulders.

As per technical analysis rules, an IH&S pattern resolves when the price breaks above the neckline, accompanied by a rise in trading volumes. In this scenario, the price can rise as much as the maximum distance between the neckline and the head’s deepest point.

Applying this principle to the BTC/GLD ratio chart suggests an upside target of around 123. This means that by 2025, the price of 1 BTC may equal 123 ounces of gold, up over 400% compared to 24 ounces as of September 22, 2024.

The prospect of Bitcoin overtaking gold has gained traction due to its rapid adoption, particularly by institutional investors and the launch of Bitcoin exchange-traded funds (ETFs), which have enhanced Bitcoin’s role in investment portfolios.

Since January 2024, the approval of Bitcoin ETFs has led to inflows exceeding $17.69 billion, with projections indicating that the Bitcoin ETF market could reach as much as $220 billion by 2027, using gold ETFs as a benchmark.

Experts like Anthony Scaramucci argue that Bitcoin will eventually surpass gold’s market capitalization within the next decade, citing advantages such as scarcity and portability.

Bitcoin Poised for Explosive Rally Against Gold and US Dollar in 2025

//

Bitcoin’s market capitalization has skyrocketed by an astounding 350,000% since its inception, especially when compared to its traditional safe-haven rival, gold.

Recent signals suggest that Bitcoin may be on the verge of another extended price rally, indicating renewed momentum against the precious metal.

According to veteran market analyst Peter Brandt, the BTC/GLD ratio chart compares the performance of these two assets and could serve as a barometer for gauging Bitcoin’s adoption rate relative to gold. For instance, an increase in this ratio reflects Bitcoin outperforming gold in market cap performance, and vice versa.

Brandt predicts that the Bitcoin-to-gold ratio may rise by more than 400% in 2025, supported by a classic technical pattern. This pattern, known as the inverse head-and-shoulders (IH&S), develops when the price forms three consecutive troughs, with the middle trough—referred to as the head—being deeper than the left and right shoulders.

As per technical analysis rules, an IH&S pattern resolves when the price breaks above the neckline, accompanied by a rise in trading volumes. In this scenario, the price can rise as much as the maximum distance between the neckline and the head’s deepest point.

Applying this principle to the BTC/GLD ratio chart suggests an upside target of around 123. This means that by 2025, the price of 1 BTC may equal 123 ounces of gold, up over 400% compared to 24 ounces as of September 22, 2024.

The prospect of Bitcoin overtaking gold has gained traction due to its rapid adoption, particularly by institutional investors and the launch of Bitcoin exchange-traded funds (ETFs), which have enhanced Bitcoin’s role in investment portfolios.

Since January 2024, the approval of Bitcoin ETFs has led to inflows exceeding $17.69 billion, with projections indicating that the Bitcoin ETF market could reach as much as $220 billion by 2027, using gold ETFs as a benchmark.

Experts like Anthony Scaramucci argue that Bitcoin will eventually surpass gold’s market capitalization within the next decade, citing advantages such as scarcity and portability.

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