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Bitcoin's price is on the rise, surpassing $12,000 for the first time in three months. This surge is largely attributed to the growing institutional investment in the crypto space, with major players like MicroStrategy and Square adding to their Bitcoin holdings. As institutional investors continue to drive demand, it's likely that Bitcoin's price will continue to climb.
As institutional investors increasingly turn to cryptocurrency, a growing percentage of Bitcoin's supply is being held in ETFs. Currently, around 7% of total BTC supply is stored in these funds. But how high could this number go? And what are the implications for the market?
The real value lies not in the tools, but in the data itself. Whether it's AI, ML, or GenAI, without quality data, the entire process is flawed. Don't get caught up in the trend, focus on the foundation.
Oracles are the unsung heroes of smart contracts and DeFi, bridging the gap between blockchains and the real world. They fetch external data, enabling smart contracts to execute based on real-world events. Without oracles, DeFi's potential is severely limited. Dive into the world of oracles to see how they're reshaping finance!