Bitcoin’s price is surging. What happens next?
9 months, 2 weeks ago

Bitcoin’s price is surging. What happens next?

Hindustan Times  

For a brief moment, everyone who owned Bitcoin had made money from it. On January 10th the Securities and Exchange Commission, an American regulator, approved applications by 11 investment firms, including BlackRock and Fidelity, to create bitcoin exchange-traded funds. For instance, even as tech stocks soared in the middle of 2021, bitcoin slumped after Elon Musk posted negative tweets about crypto payments. In this world, bitcoin’s returns probably do come to resemble those of gold: there is a fixed amount of it, and its price would rise over the long term roughly in line with the stock of money. Correction : We wrongly stated that ten investment firms had applications for bitcoin ETFs approved by the SEC on January 10th.

History of this topic

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