Author: Umar Hashmi
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The tide is turning in bitcoin’s favor fast as the digital asset rises above $108,000 for the first time. So are crypto ETFs a buy now? On Monday, hints that President-elect Donald Trump may follow through on plans to create a bitcoin strategic reserve lifted bitcoin to an all-time high of 108,239. A top bitcoin ETF broke out. But not everyone has an appetite for digital coins because they can be very volatile. Crypto exchange traded funds provide some advantages for these investors. Trump’s favorable attitude toward cryptocurrencies is also powering a rally among these crypto ETFs. To read more Click here
Donald Trump has vowed to enact crypto-friendly regulation upon returning to the White House. Former BitMEX CEO Arthur Hayes believes digital assets will fall victim to a “harrowing dump” following the January 20 inauguration of President-elect Donald Trump, a new Substack from the crypto mogul shared this week shows. Donald Trump Inauguration May Signal Selloff, Ex BitMEX CEO Says According to Hayes’ prediction, anticipated policy changes regarding the crypto market under Trump will fall short of their expectations, potentially creating a selloff scenario. Hayes further claimed that his investment firm Maelstrom will begin to sell “certain positions” before repurchasing them…