🏦 Exploring how fintech and blockchain are changing banking. Discussions about the future of finance. 💬
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CryptoQuant CEO Ki Yoon Ju said concerns about the possible impact of assets from Mt.Gox on the market have been exaggerated. He noted that since 2023, $224 billion worth of bitcoins have been sold in the market during the current bull phase, of which $9 billion worth of bitcoins have been sold to governments. This has not prevented the first cryptocurrency from growing 350%, but it is still vulnerable to speculative FUD sentiment, as demonstrated by the liquidation of 50,000 BTC by German authorities.
📈 Bitwise CIO Matt Hougan believes a spot Ethereum-ETF listing could have a bigger impact on ether than bitcoin for a number of reasons: ▫️ “zero inflation,” compared to bitcoin's 1.7%; ▫️отсутствия sales pressure from miners due to their lack of availability; ▫️большой the proportion (27%) of “off-market” issuance locked in staking. He believes we should expect some “uncertainty” in the first weeks after launch due to potential capital flows from the Ethereum trust Grayscale, as was the case with bitcoin. However, the event itself could push ETH quotes to record highs above $5,000 by the end of the year. #Bitwise #ETF #Ethereum
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