Here's Why Bitcoin Hits a New ATH That Made It Explode!
A few hours ago, Bitcoin surpassed a major milestone of $71,000, exceeding the previous all-time high set last week.
This increase can be attributed to a combination of factors that have boosted investor confidence and caused a wave of buying activity in the cryptocurrency market. Let us analyze the key factors that help Bitcoin grow strongly.
The London Stock Exchange welcomes Bitcoin and Ethereum ETNs
As reported by Bloomberg shortly before the price spike, the London Stock Exchange (LSE) announced plans to accept applications for Bitcoin and Ethereum Exchange Traded Notes (ETNs) during the second quarter of this year .
Demand for Bitcoin ETF is high
Enthusiasm for Bitcoin ETFs in the United States is growing strongly. As Bitwise CIO, Matt Hougan, noted in an investment memo that:
In addition, he emphasized that Bitwise is cooperating with its members, investors who have bought from them, and in the future will discuss with large wire companies, consultants, corporations that have worth trillions of dollars.
This insight highlights growing confidence in Bitcoin ETFs as a mainstream investment option, with expectations of significant capital inflows from these entities starting in Q2 2024, showing promise bullish on Bitcoin's future.
Follow and subscribe to our channel @BD VENTURES to receive more useful information!
