Cathie Wood, CEO of ARK Invest, said that large institutional investors are hastily switching their assets to Bitcoin. In a new interview with Barron's, Wood says that institutions are interested in Bitcoin due to the lack of correlation with other assets.
Bitcoin "Fear and Greed" Index Has Moved to Neutral Zone
Bitcoin fear and greed index, which is an indicator used to show whether social media users are generally optimistic or pessimistic about the short-term dynamics of Bitcoin showing signs of recovery.
CEO of Billion-Dollar Investment Firm Says Bitcoin and Ethereum Will Rise by More Than 1,600% in the Long Term
The CEO of an investment firm with billions of dollars in assets under his management predicts that the price of Bitcoin (BTC) will see seven-digit levels, and Ethereum (ETH) will see six-digit levels. Frank Holmes, President of US Global Investors, says that due to the scarcity and growing adoption of Bitcoin, the flagship cryptocurrency could gain about 1,600% in value from current levels in the next decade.
El Salvador To Issue $1BN Bitcoin Bonds To Build Bitcoin City
El Salvador President Nayib Bukele announced yesterday that he would issue a $1 billion "Bitcoin Bond" to build the first Bitcoin city in the world. The city will have no taxes other than VAT and will be carbon neutral as most of its energy comes from geothermal sources.
AVAX Breaks New Records
AVAX increased 46.9% in the last seven days. Avalanche is ranked among the top digital assets with a market capitalization of $31.5 billion. AVAX, which experienced a rapid rise on November 21, reached an all-time high of $147 per unit, an increase of 3.795% in the 12 months.
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