Bitcoin is the largest cryptocurrency by market value, its highest level since August 2018. As of press time, Bitcoin traded at $8056.68 and had a market value of $142 billion, according to CoinMarketCap. As of press time, the 24-hour trading volume of the coin was about $34 billion, up more than 12 per cent in the past 24 hours.
Bitcoin has risen from $6000 to more than $8000 in just a few days, and there have been some positive Bitcoin-specific catalysts since February 2019, Klin said. These include coins from JPMorgan (JP Morgan), coins from Facebook and a report from Cambridge Association (Cambridge Associates), which suggests that institutional investors must pay attention to such investment products. And Jack Dorsey (Jack Dorsey) 's bullish mood for the coin.
Travis Klin (Travis Kling), chief investment officer of Ikigai Asset Management, spoke to TD Ameritrade Network about the surge in Bitcoin in an interview with Oliver Renick. In an interview, Travis Kling listed the reasons for the sharp rise in prices.
For example, they are prepared to enable customers to buy Bitcoin on the TD Ameritrade platform. ETrade is doing the same thing, and Fidelity (Fidelity) is currently recruiting the first institutional customers for their Bitcoin hosting products. Barkert (Bakkt) will go public by the end of the year, and Nasdaq (Nasdaq) will go public. "
Mr Klin further added that central banks and governments around the world had monetary and fiscal policies in place. This, in turn, makes it more attractive to have an irresponsible policy from these bankers and governments.
“so, specifically to Bakht's statement, they haven't yet launched their product, and it's likely that the product will come down the pipeline in about a year, when they first say it will come down; Unlike Fidelity, TD Ameritrade and eTrade, this is a real-time positive catalyst."
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