According to the JP Morgan review, he explained that the success of Grayscale, and in particular its Bitcoin-based product, is one of the important steps to prevent Bitcoin from correcting. Continuing his statements, Grayscale also stated that customers are allocating sufficient funds to Bitcoin Trust to keep the market price at the current level.
JP Morgan Predicts Bitcoin To Rise To $ 650K
JPMorgan, one of the largest investment banks in the world, thinks that Bitcoin (BTC) could eventually reach $ 650,000 if market capitalization turns into gold. Alternative "currencies" such as JPMorgan, Gold and Bitcoin were relatively main beneficiaries of the pandemic, increasing their assets (for investment purposes) by 27% and 227% respectively.
How Much Flare Will Be Sent To Ripple (XRP) Investors Has Been Determined
It is stated that as a result of the FLR airdrop event to be held by the Flare Network, more than 45 billion Spark tokens (FLR) will be distributed in total. For now, it is predicted that approximately 1,0073 FLR tokens will be distributed to 1 XRP. Even more than 45 billion tokens make up 45% of FLR's total supply.
MicroStrategy Announces Over $ 1 Billion Total Bitcoin Purchases
MicroStrategy, the largest publicly traded independent business intelligence company, announced that its Bitcoin purchases in 2020 were worth $ 1.1 billion. The company bought 29,646 bitcoins for $ 650 million on December 21. Thus, the company that made the fourth of Bitcoin investments said, "We believe that Bitcoin is a reliable store of value and that we have reinvested in Bitcoin is an indication of this."
U.S. Congress Accepts $ 900 Billion COVID-19 Incentive Deal
The United States (USA) Congress has agreed to conclude a COVID-19 incentive deal worth $ 900 Billion. According to a report released by CNBC, the new stimulus package was accepted by Congress on Sunday, according to Senate Majority leader Mitch McConnell and Minority Leader Chuck Schumer.
U.S. Securities and Exchange Commission (SEC) Prepares to Sue Ripple
SEC, which was preparing to sue Ripple company for the XRPs they launched in 2012, accused the company of "selling unregistered securities". Company executives argued in their testimony that this was an attack on the entire cryptocurrency world and that the SEC's intervention was inappropriate.
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