Bitcoin has smashed records. Should you invest?
1 month ago

Bitcoin has smashed records. Should you invest?

CNN  

CNN — In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. And some are even advocating for the US to create a strategic bitcoin reserve, which MicroStrategy executive chairman Michael Saylor told CNBC is a way for the US to “buy the future.” In the first decade after bitcoin’s creation in 2009, the financial planning world was reluctant to consider crypto assets as a serious option for most individual investors. Its role in your portfolio When asked what role bitcoin might play in a person’s overall financial investment and savings portfolio — which you might use to buy a house, start a family, pay for college or save for retirement — one strong area of consensus among planners is to not invest any money in bitcoin for anything you must do in the next five years. If the answer is yes, you should reconsider,” said Porter, who notes that even if regulatory risk does go down for crypto assets during the Trump administration “by no means has the overall risk changed significantly.” Turi suggests getting real with what you’ll be able to live with. “Due to risks such as cybersecurity threats and the possibility of losing private keys, holding bitcoin through an SEC-regulated ETF is by far the safest option,” Porter said.

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History of this topic

Bitcoin hits $100,000, lifted by hopes of a crypto-friendly Washington
2 weeks, 4 days ago

Bitcoin hits $100,000, lifted by hopes of a crypto-friendly Washington

Live Mint  

Bitcoin traded above $100,000 for the first time, powered by a wave of investors betting that President-elect Donald Trump will turn U.S. government policy into an engine of growth for crypto. During the campaign, Trump dropped his earlier skepticism of bitcoin and promised to “end Joe Biden’s war on crypto." Now, crypto investors are cheering Trump’s pledge to create a …

Bitcoin rallies past $81,000. What's driving the surge?
1 month, 1 week ago

Bitcoin rallies past $81,000. What's driving the surge?

India Today  

Bitcoin soared to a new record high, crossing the $81,000 mark on Monday. BITCOIN HITS NEW RECORD HIGH Many in the market believe Trump’s plans for Bitcoin and other digital assets have set the stage for the recent surge. "Bitcoin’s record-breaking surge is backed by strong fundamentals and signals from the recent US election that suggest pro-crypto policies may be …

Bitcoin tumbles 10% off its peak in less than a week to trade at $65,300. Check details here
9 months ago

Bitcoin tumbles 10% off its peak in less than a week to trade at $65,300. Check details here

Live Mint  

In the past less than a week, bitcoin has dropped over 10 percent from its all time high of $73,083 it hit on March 13 at trade at $65,300 in the early hours on Sunday. Swissblock, a digital asset analytics firm, in a note on Wednesday said that bitcoin has risen almost double in price from $38,000 in late January …

Bitcoin price surges 5% to $49,000, daily trading volume reaches $52 billion
11 months, 1 week ago

Bitcoin price surges 5% to $49,000, daily trading volume reaches $52 billion

Live Mint  

The price of first decentralised cryptocurrency Bitcoin surged over 5%, reaching intraday high to $49,012 on Thursday, January 11, after the US Securities and Exchange Commission greenlit the establishment of Bitcoin exchange-traded funds by investment firms, signalling a potential revival for the world’s largest cryptocurrency token by market capitalization. In fact, the daily trading volume for Bitcoin on cryptocurrency exchanges …

New funds will make investing in bitcoin easier. Here’s what you need to know
11 months, 1 week ago

New funds will make investing in bitcoin easier. Here’s what you need to know

Associated Press  

NEW YORK — Nearly a dozen new bitcoin funds began trading in U.S. markets for the first time Thursday, providing increased access to the cryptocurrency for everyday investors. A spot bitcoin ETF could open the door to many new investors who don’t want to take such extra steps. New bitcoin ETFs will perform like the SPDR Gold Shares ETF, which …

Spot Bitcoin ETF: A paradigm shift in the world of cryptos?
11 months, 1 week ago

Spot Bitcoin ETF: A paradigm shift in the world of cryptos?

Live Mint  

After a long wait, US markets regulator Securities and Exchange Commission finally gave a go-ahead to the spot bitcoin ETFs on Wednesday, a move that led to a massive jump in the bitcoin prices. The bitcoin surged nearly 6 percent since October on speculation that the spot bitcoin ETF would get the final approval in the early days of January. …

Bitcoin prices have doubled this year and potentially new ways to invest may drive prices higher
1 year, 1 month ago

Bitcoin prices have doubled this year and potentially new ways to invest may drive prices higher

Associated Press  

NEW YORK — Bitcoin is having another moment. A green light from federal regulators hasn’t arrived yet, but recent wins for some crypto fund managers with applications for bitcoin spot ETFs have improved odds for approval, perhaps in the coming months. Kaiko Research points to a brief spike in the price of bitcoin last week, for example, after crypto news …

Bitcoin ETF finally begins trading
3 years, 2 months ago

Bitcoin ETF finally begins trading

CNN  

New York CNN Business — Cryptocurrency investors finally got what they’ve been clamoring for as the first bitcoin-linked, exchange-traded fund launched Tuesday. “The ETF approval is a watershed moment for the industry,” Bitcoin Foundation chairman Brock Pierce said in a statement to CNN Business. “This moment is long-awaited, as numerous entrepreneurs and firms have sought approval from regulators since as …

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