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Bitcoin needs catalyst for $100K, gold going higher, ETH still undervalued: Analyst

Gold and silver are halfway into a “decade-long bull market,” and Bitcoin is one narrative catalyst away from rallying to $100,000, according to 1971 Capital CIO Brian Russ. 

In a few years, finance wonks and crypto advocates will look back to 2024 and agree that it was the year Bitcoin went mainstream and saw mass adoption within traditional finance. The incredibly successful launch of the spot Bitcoin ETFs, MicroStrategy CEO Micheal Saylor’s plan to buy $42 billion in Bitcoin and Bitcoin rallying to a new all-time high are just a few of the major milestones of the year. 

Bitcoin (BTC) is officially in the big leagues and deep dives into how BTC’s integration into all aspects of finance are a frequent topic of discussion by analysts and thought leaders at crypto conferences and on social media. In order to get a better understanding of the ramifications of Bitcoin and crypto’s integration into traditional finance, Cointelegraph spoke to Brian Russ, the chief investment officer at 1971 Capital. 

Cointelegraph: Institutional and retail investors are buying shares of the spot Bitcoin ETFs, but further down the road, how do you see BTC being integrated into investment portfolios? 

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Largest US Hedge Funds Collectively Own Over $2,600,000,000 in Bitcoin ETF Shares: BTC Brokerage Firm River

Largest US Hedge Funds Collectively Own Over ,600,000,000 in Bitcoin ETF Shares: BTC Brokerage Firm River

New data from Bitcoin brokerage firm River reveals that the largest US hedge funds have combined to accumulate billions of dollars worth of BTC exchange-traded (ETF) shares. In a new thread on the social media platform X, River says that even though BTC’s market cap is relatively small, many of the largest hedge funds in […]

The post Largest US Hedge Funds Collectively Own Over $2,600,000,000 in Bitcoin ETF Shares: BTC Brokerage Firm River appeared first on The Daily Hodl.

Join HTX’s Festive Season Party: Enjoy Superior Crypto Trading and Open the Door to Wealth

SEC Names Crypto an Exam Priority This Year

SEC Names Crypto an Exam Priority This YearThe Securities and Exchange Commission (SEC) has listed crypto assets as an examination priority for market participants this year. “In this time of heightened market volatility, our priorities are tailored to focus on emerging issues, such as crypto assets,” said an official with the SEC Division of Examinations. Crypto Assets Among SEC Examination Priorities The […]

Join HTX’s Festive Season Party: Enjoy Superior Crypto Trading and Open the Door to Wealth