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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📰 Global trust in traditional news outlets has fallen to record lows with respondents citing poor coverage by traditional media outlets of stories related to migrants, economic woes and wars
The research published on Tuesday suggests that public trust worldwide is at 37%, three points down on this time last year. In the UK, it has fallen by five points to 30% - 20 points lower than 10 years ago.
More than half of respondents said they now get their news from third-party platforms like social media and video networks, although a similar number still use news websites and TV news as well. Traditional sources are still more popular in the UK.
"Our data points to a mix of anxiety, disengagement and cynicism from audiences, many of whom don't like the way publishers are covering long-running news stories such as immigration, inflation and international conflict," the institute said.
In the US, trust in news stands at 25%, and is even lower (15%) among politically right-leaning Americans....
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📎 irmgard
The biggest problem for Israel is not Iran's nuclear bomb, even if it had one it would never use it.
The problem for Israel is that Iran is becoming more and more powerful, especially militarily.
That's why Netanyahu won't accept any agreement, negotiations, or anything else until he sees Iran economically destroyed, with his puppet regime installed, just like Syria.
That's why there's all this spitting and whining these days in Israel, the US refuses to fight for Israel any longer at its own expense.
Iran will now receive a massive financial injection, cooperation with US allies, and thus drastically increase its military power, which has proven to be drastically powerful despite some weaknesses.
In 5-10 years from now, Iran could reach the military power of Russia, if they invest a lot in the aviation.
Israel's downfall began the day they killed Ayatollah Khamenei, united Iran, and ruined the possibility of regime change.
@Megatron_ron