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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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We hear a lot of rhetoric that 'Islam has conquered Europe'.
Clearly there are problems with mass migration here.
Yet this has been built in the Great State of Texas.
So the problems seem to be everywhere!
🇮🇱🇺🇸⚔️🇮🇷 Let's take a step back and consider the bigger picture.
Strategic goals on day one of the war:
• Israel: eliminate Iran and Hezbollah as threats to Israel
• Iran: survive, deter future aggression
Fast forward to today, six weeks in, and it's obvious the Israeli war effort has failed. Their ideal state for Iran is Balkanization, or a second Syria, unable to mount any cohesive efforts against Israel. But the Iranian state remains stable, the regime change attempts failed. The IDF again failed to do more than push a few miles into Lebanon. Whatever the Israelis were attempting to do to destroy Hezbollah with the cooperation of the Lebanese government also seems to have failed. And Hezbollah seems much stronger than anyone assumed before this conflict.
The Israeli ability to achieve these goals hinged on sucking the US into maximal commitment in war against Iran. A second GWOT would have been ideal, with the US bogged down in Iran for years or even decades. At the moment, ...
