The amount of Bitcoin held by long-term investors has reached new all-time highs in recent weeks.
Spotlighting Bitcoin (BTC): A weekly roundup highlighting essential news from the leading cryptocurrency. This week’s latest news starts with cryptocurrency guru PlanB urging investors to buy Bitcoin now that it is below 40K, before it rises.
PlanB Urges Investors to Take Advantage of the Opportunity to Buy Bitcoin Below 40K
The creator of the stock-to-flow model, PlanB, known for his optimistic outlook on the long-term growth of the BTC price, suggests that the days of the Bitcoin price remaining below $40,000 are numbered, pointing towards a promising future for the world’s most popular cryptocurrency.
According to their analysis, it is only a matter of time before the price of Bitcoin exceeds $40,000, offering opportunities for investors looking to increase their holdings in Bitcoin at relatively low prices.
Ark Investments Has Set a 0.80% Annual Fee for Its Spot Bitcoin ETF
Crypto investment firm ARK Investment Management, led by Cathie Wood, along with European cryptocurrency manager 21Shares, plans to apply a 0.80% annual fee on its proposed exchange-traded fund (ETF) called “Bitcoin ARK 21Shares.” », once it is approved by regulators, according to a report filed with the US Securities and Exchange Commission (SEC).
In fact, once approved, the ARK and 21Shares Bitcoin ETF will be listed on the BZX Exchange of the Chicago Board Options Exchange (CBOE) under the symbol ARKB.
One Million Dollars in Bitcoin Requested by Terrorist in India
Mumbai International Airport received a threatening email suggesting a plan to blow up Terminal 2. The sender demanded $1 million in Bitcoin within 48 hours to prevent the explosion.
“This is the last warning for your airport. We will destroy Terminal 2 in 48 hours unless $1 million in BTC is delivered,” the person reportedly wrote.
However, the Maharashtra Anti-Terrorism Squad (ATM) managed to locate and capture the individual responsible for the threat.
The Bitcoin ETF Will Revolutionize the Industry, According to Tom Farley
In an interview with CNBC on November 21, former New York Stock Exchange (NYSE) Chairman Tom Farley stated that the US Securities and Exchange Commission’s approval of a spot Bitcoin exchange-traded fund (ETF) The US Securities and Exchange Commission (SEC) will likely lead to an influx of money into the crypto space, noting that people believe in Bitcoin and calling it “a great invention.”
Likewise, Tom Farley indicated that “What gives me some optimism about Bitcoin is that everyone recognizes that Bitcoin is not a security, including regulators, so possibly the Bitcoin ETF will advance more quickly, which would be great for the industry because the Money will flood the industry with a Bitcoin ETF.”
Some Predictions for the Bitcoin Price in December
Various crypto analysts have taken to social media to share their Bitcoin price predictions for December 2023.
- Michaël van de Poppe noted that there is still no break above $38,000. However, in another publication he said that Bitcoin can reach a range between $45,000 and $50,000 before the approval of the ETF and before the halving.
- Analyst VipTrader expressed that the estimated range for the next 15 days is between $37,230 and $39,840, and there is cautious optimism that BTC could touch $40,000 towards mid-December.
- The Changelly platform predicts that on December 10, the price would rise to $43,900 and by the 25th, the currency would change hands at $52,200.
By Leonardo Perez
