The Economist UK: ETF slows down and stabilizes the price of BTC?
The Economist UK: Bitcoin isn't going away, and the creation of an ETF could make its future price movements slower and more stable
The Economist UK published an article titled 'What will happen after Bitcoin's surge', which highlights that Bitcoin's rise is not occurring in isolation. All assets are experiencing a surge, with stock markets worldwide approaching record highs, gold prices increasing, and Bitcoin outperforming most assets. The U.S. Securities and Exchange Commission has approved the creation of a Bitcoin exchange-traded fund (ETF), making it easier for ordinary investors to buy the cryptocurrency. Bitcoin has been around for 14 years and its mechanism for self-authentication and verifying the growth of the supply has never been compromised by a hacker, ensuring the token's longevity. The approval of the ETF confirms Bitcoin's status as an investment asset. The creation of the Bitcoin ETF may have caused a significant increase in value, but it could also lead to a more gradual and stable price movement in the future.
Seamless fiat to crypto conversion for retail investors
Alchemy Pay has unveiled a roadmap for the Web3 digital banking segment, which will enable retail investors to seamlessly convert between fiat currencies and cryptocurrencies.
Alchemy Pay has unveiled a roadmap for the Web3 digital banking segment, which will enable retail investors to seamlessly convert between fiat currencies and cryptocurrencies. Alchemy Pay has unveiled a roadmap for the Web3 digital banking segment, which will enable retail investors to seamlessly convert between fiat currencies and cryptocurrencies. The platform will support the opening of euro or dollar accounts for individual users. Alchemy Pay enables traditional businesses and Web3 companies to set up multi-currency accounts, allowing for real-time currency swaps between the euro and US dollar, as well as between fiat currencies and USDC/USDT.
Listed Company to Continue Purchasing Nearly $100 Million in Crypto
On March 8, Burson-Marsteller Interactive announced on the Hong Kong Stock Exchange that the Board of Directors seeks shareholders' approval at the General Meeting to grant further purchase authorization for potential cryptocurrencies. This is to promote the Group's business development and layout in the Web3 space. The Board of Directors is authorized to continue purchasing cryptocurrencies up to an aggregate amount of US$100 million.
Bank of America Strategist: One reason for the rise in gold and bitcoin is the $1 trillion increase in U.S. government debt every 100 days
Gold Finance reports that Bank of America strategists recently stated that the prices of assets like gold and bitcoin are near all-time highs due to the $1 trillion increase in U.S. government liabilities every 100 days. Strategists led by Michael Hartnett said the pace of debt inflation is accelerating. They estimate it will take just 95 days to rise from $34 trillion to $35 trillion. According to the bank, the recent rise in gold and bitcoin has made trades related to 'bond devaluation' more attractive, which has consequences for the market.
