Analyst Who Called Bitcoin’s Pre-Halving Rally to $70K Turns Bearish
Markus Thielen, founder of 10x Research, has de-risked his portfolio in the wake of rising Treasury yields.
Markus Thielen, founder of 10x Research, has de-risked his portfolio in the wake of rising Treasury yields.
At a recent gathering of investors in Miami, skepticism remained high even after finance titan BlackRock’s shift toward touting the original cryptocurrency.
The latest price moves in crypto markets in context for April 12, 2024.
There will probably be litigation against the SEC after May if ether ETFs aren’t approved, the report said.
Contrasting Bitcoin derivatives with Ethereum’s tells us a story around the potential opportunity for a post-halving rotation.
The much stronger-than-expected inflows into the spot bitcoin exchange-traded funds (ETFs) have already caused concerns about a supply shock in the bitcoin market, potentially taking away some of the impacts of the halving.
The Securities and Exchange Commission has opened up comment periods for ETF applications for Grayscale, Fidelity and Bitwise.
If history repeats itself, an even more bullish period for bitcoin and crypto markets could be on the horizon in the months following the halving, the report said.
The BlackRock CEO isn’t worried about the U.S. Securities and Exchange classifying Ethereum’s ether as a security.
The fund comes with a small twist in that it can allocate up to 5% of its assets into bitcoin futures contracts.