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Why is Bitcoin Skyrocketing? The Cryptocurrency Hits 2023 Record High
Bitcoin recently saw a big price increase. The cryptocurrency reached $35,150, making it the highest price in 2023. Experts say this jump is partly because people think a new Bitcoin ETF will soon launch in the U.S. Right now, the price of Bitcoin is $34,702, up 13.38% in just one day, according to data from CoinMarketCap.
Since the start of this year, Bitcoin's value has nearly doubled. However, it's still much lower than its all-time high. That was $69,000 back in 2021. People are hopeful that a U.S.-based Bitcoin ETF could bring a lot of money into the market. NYDIG, a finance company, thinks it could be as much as $150 billion.
Lucas Josa, a market analyst, adds more information. He works for Mynt, which is part of BTG Pactual, a financial services company. Josa says the price went above $32,000 when news came out about a possible ETF from BlackRock. BlackRock is a big deal because it's the world's largest manager of assets like stocks and bonds.
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Here is the TRUTH: Dangerous gain-of-function research was funded by the U.S. government around the world, directed and approved by people like Dr Fauci. @DNIGabbard exposed that yesterday.
Using U.S. government data, put together and uncovered by career subject matter experts in the Intelligence Community and other government agencies, yesterday’s release highlighted one example of the many overseas biolabs funded by the U.S., the research conducted there, and the significant risks they pose to the world, especially when located in a country at war.
Europe is crippled by two fears that kill massive company creation.
Fear of failure and fear of success.
America turned failure into a badge of honor, a “near-pornographic” obsession with it as proof you’re swinging big.
Europe does the opposite on both counts.
Failure carries shame, and wild success is culturally toxic in social democracies.
Founders building something enormous quickly feel pressure to cash out early rather than dominate.
And the result is plenty of competent mid-sized firms. Almost zero world changing outliers.
No European Google. No Amazon. No Microsoft.
America’s edge has been the reverse, tolerating and rewarding big success while treating failure as data, not disgrace.
That combination built the most dynamic entrepreneurship ecosystem on Earth.
But the European disease is spreading here.
Socialist policies and “eat the rich” culture taking over big cities with punitive taxes on success, regulatory moats, and open disdain for winners are breeding the same...
