“Trillions of Dollars” – Bitcoin Braces for Massive Earthquake as Ethereum, BNB Price Rise from Binance, Solana, Cardano and XRP

Bitcoin and cryptocurrency prices have soared over the past month, with the cryptocurrency market collectively rising towards $3 trillion, with Ethereum, BNB, Solana, Cardano, and XRP achieving double-digit gains.

Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover the latest releases of NFT and new Crypto Blockbusters ready for 1,000% gains

The price of bitcoin has surged from around $45,000 per bitcoin in early October to an all-time high of $67,000 late last month, in part due to the launch of the first US bitcoin futures trading funds (ETFs). Bitcoin has been falling recently — despite massive new price targets even as Ethereum and its smaller rivals reach new heights.

Now, bullish bitcoin buyer Michael Saylor has predicted that “trillions of dollars” will flow into bitcoin once the US regulator approves an entire bitcoin ETF — helping bitcoin replace gold and become the primary asset index for the Western world.

Sign Up Now to Get Free CryptoCodex – Daily Cryptocurrency Newsletter. We help you understand the world of bitcoin and cryptocurrency every day of the week

More Forbes Crypto Price Prediction: Bitcoin Could Reach $100,000 Before End of 2021 – But It Lacks Ethereum ‘Density’

The price of Bitcoin soared during 2021 but much of the cryptocurrency market’s gains came from… [+] ethereum, BNB, cardano, solana and XRP from Binance.

SOPA Images / LightRocket via Getty Images

“To do that, you need Instant ETF,” said Saylor, CEO of business intelligence software company MicroStrategy, speaking this week at the Bloomberg Financial Innovation Summit. “And once these exchange-traded funds come out, I think you’ll see billions, then tens of billions, then hundreds of billions, and then trillions of dollars flowing into them.”

Over the past year, Saylor has turned Microstrategy into a Bitcoin acquisition tool, buying more than 110,000 Bitcoins. The company’s bitcoin holdings are valued at around $7 billion, making up nearly all of MicroStrategy’s $8 billion market capitalization.

Saylor said he expects the US spot bitcoin ETF to serve as an institutional platform for investors who want exposure to bitcoin, adding that he will continue to buy bitcoin via MicroStrategy. This money is already in other countries, including Canada.

The launch of two Bitcoin futures ETFs in the US in October generated huge media interest, with the ProShares Bitcoin Strategy ETF raising over $1 billion in assets in just a few days. However, some, including Castle Island Ventures general partner Nic Carter, have described futures-based ETFs as “inferior” because they do not give direct exposure to the underlying asset. Carter, speaking alongside Saylor, said that the Bitcoin spot ETF will be “the most important commodity ETF launch ever.”

“The correct answer is: Allow investors to buy $1 trillion worth of bitcoin via an ETF as ETFs go into the existing security structure, underlying brokerages, and existing collateral packages,” said Saylor.

CryptoCodex – Free daily newsletter for cryptocurrency enthusiasts

More FORBESJP Morgan Doubles Down On Massive Bitcoin Price Prediction – But Adds A Serious Warning

The price of Bitcoin has risen more than 300% in the past 12 months, taking Bitcoin to a trillion dollars… [+] Origin. However, Bitcoin has been left in the dust by Ethereum, BNB from Binance, solana, cardano, and XRP.

Queen Piece

Meanwhile, bullish Bitcoin and crypto-market watchers continue to anticipate a price rally towards the end of 2021. While Bitcoin has lost ground this week, Ethereum has added nearly 5%, with its biggest competitors, Binance’s BNB and solana, both rising. By about 20%.

“Daily volatility is quite normal after this bullish month, but the higher time frame looks good for now,” said Lukas Enzersdorfer-Konrad, chief product officer of Vienna-based Bitpanda, in comments via email. “The cryptocurrency market is getting more and more integrated into the global economy every day, which only shows how important it is for larger institutions, but on the other hand, it is also under pressure from major events.”

“Bitcoin and Ethereum’s year-end melt is more likely than recovery, we believe that after the 2021 corrections speculative positions have cleared, and with demand and adoption increasing, and supply waning, this continues the bull market,” Mike McGlone wrote in his latest market report, noting that “The tidal wave of US ETFs”.

“The launch of ETFs in the US and the fact that cryptocurrencies are banned in China limits downside risks.”

.

Sources 1/ https://Google.com/ 2/ https://www.forbes.com/sites/billybambrough/2021/11/06/trillions-of-dollars-bitcoin-braced-for-a-massive-earthquake-as-the-price-of-ethereum-binances-bnb-solana-cardano-and-xrp-soar/ The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos