StanChart predicts new highs for Bitcoin in February as US treasury yields stabilize
Stable US Treasury yields and reduced inflationary fears may propel Bitcoin to break previous high points, Standard Chartered analysis suggests.
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Stable US Treasury yields and reduced inflationary fears may propel Bitcoin to break previous high points, Standard Chartered analysis suggests.
Assad Jafri 2 min read
Despite receiving the lowest odds, the chances of a XRP ETF approval reached 65% with triggers for a potential increase.
Under the bill, the state treasurer will be allowed to invest in cryptocurrencies that have a market cap higher than $750 billion.
Bitcoin's correlation with the S&P 500 is still high, while gold correlation decreases.
Metaplanet registered its first profitable financial period since 2017, while Strategy surpassed $17 billion in unrealized profits with Bitcoin.
Scaramucci also noted that institutional interest from university endowments and sovereign wealth funds could boost Bitcoin's future prospects.
Calls for decentralization grow as Bitcoin's transaction security is challenged by central mining pools.
Ardoino is interested in the idea despite believing that quantum computing does not pose an immediate threat to Bitcoin.
New infrastructure empowers Bitcoin holders to earn yields while maintaining control over their digital assets.