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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27.7% excess expense
$ 51.4 billion added annual revenue for insurers / pharma / svcs (blood BMW's)
This is corroborated by the skyrocketing Google Trends social chatter index in new cancer patients.
@EthicalSkeptic
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Robert Edwards, the creator of the 'Squatty Potty', has pleaded not guilty to a child pornography charge.
The businessman, who appeared on Shark Tank in 2014, was indicted by a federal grand jury on Feb. 10 and arrested on Feb. 12 in Washington County, Utah, according to the United States Attorney's Office. He was charged with receipt of child pornography and pleaded not guilty in his initial appearance on the indictment.
He is 'married' to a man and has 4 adopted children.