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- Natalie Brunell and Michael Saylor consider Bitcoin would be the standout asset of 2024.
- Components to catalyze Bitcoin’s anticipated success embrace Bitcoin spot ETF and halving.
- Brunell sees the spot Bitcoin ETF replicating the landmark success witnessed within the inception of the S&P 500 ETF.
In a latest interview with Fox Enterprise Information, Natalie Brunell of Coin Tales Podcast argued the prospects of Bitcoin changing into the standout asset of 2024, a view the billionaire Bitcoin investor Michael Saylor of MicroStrategy consented to.
The dialog opened with considerations concerning the latest pullback within the crypto market. Brunell characterised it as a wholesome pullback. In parallel, she highlighted Bitcoin’s spectacular efficiency, noting it has surged 60% within the final three months and over 150% all through 2023.
Concerning components to catalyze Bitcoin’s anticipated success in 2024, she cited the “imminent” approval of a spot Bitcoin exchange-traded fund (ETF). Brunell pressured that regulatory our bodies and issuers have been actively engaged in Bitcoin-related discussions.
Particularly, she cited that the U.S. Securities and Alternate Fee (SEC) is collaborating with over a dozen corporations to streamline steerage and disclosure paperwork for spot Bitcoin ETFs.
Because of this, Brunell remarked: “The wheels of presidency and Wall Road are specializing in delivering Bitcoin to the lots.” Apart from, she asserted that the spot Bitcoin ETF will appeal to substantial capital flows into the cryptocurrency market as soon as permitted.
When requested concerning the potential for the spot Bitcoin ETF to be a landmark growth within the monetary area, Brunell drew parallels with the launch of the S&P 500 ETF. Citing Michael Saylor, chairman of MicroStrategy, she famous that the S&P 500 ETF was probably the most important growth on Wall Road previously three many years.
In parallel, she argued that the spot Bitcoin ETF could possibly be a landmark second akin to the inception of the S&P 500 ETF. Furthermore, Brunell pointed to the upcoming Bitcoin halving occasion anticipated round April as one other optimistic issue for Bitcoin in 2024.
The podcast host highlighted that the issuance of latest bitcoins will lower from 900 to 450 cash per day following the halving. This projected discount in Bitcoin provide is anticipated to create a shortage issue across the digital asset.
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