Bitcoin News and Finance: What You Need to Know

Rich Dad Poor Dad author Robert Kiyosaki has predicted that the price of bitcoin will hit $150,000 “soon,” as the U.S. Securities and Exchange Commission (SEC) approved spot bitcoin exchange-traded funds (ETFs). He emphasized that he will be buying more bitcoin. Kiyosaki has issued diverse bitcoin price predictions, with his most eye-catching one reaching a staggering $1 million. Robert Kiyosaki Says He Will Buy More Bitcoin The author of Rich Dad Poor Dad, Robert Kiyosaki, has insisted that the price of bitcoin will hit $150,000 soon. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Commenting on the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), Kiyosaki said he is glad he bought bitcoin years ago. He emphasized th...

JPMorgan Chase CEO Jamie Dimon has insisted that bitcoin doesn’t have value, emphasizing that its use cases are sex trafficking, tax avoidance, money laundering, and terrorism financing. However, JPMorgan has teamed up with Blackrock to help the world’s largest asset manager grow its spot bitcoin exchange-traded fund (ETF) as a lead authorized participant. Jamie Dimon Insists Bitcoin Has No Value The CEO of JPMorgan Chase, Jamie Dimon, still believes that bitcoin has no value even as the U.S. Securities and Exchange Commission (SEC) approved 11 spot bitcoin exchange-traded funds (ETFs) on Wednesday. In an interview with Fox Business on Wednesday, Dimon expressed: I’ve always said that bitcoin doesn’t have value … The actual use cases are sex trafficking, tax avoidance, money laundering, terrorism financing. The JPMorgan executive’s comment echoed his statement made during a Senate Banking Committee’s hearing in December last year. In response to a question by U.S. Senator Eliza...

Amid the excitement surrounding the approval of spot bitcoin exchange-traded funds (ETFs), U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler issued a statement emphasizing that the regulator did not approve or endorse bitcoin by approving spot bitcoin ETFs. Gensler insisted that most crypto assets are securities, warning: “Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.” SEC Chair Gary Gensler’s Statement About Bitcoin Following Spot Bitcoin ETF Approvals After greenlighting spot bitcoin exchange-traded funds (ETFs), U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler issued a statement clarifying the regulator’s stance on bitcoin and cryptocurrency. “Today, the Commission approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares,” the SEC chairman began , noting that the agency disapproved more than 20 exchange rule filings for spot bit...

In a landmark decision, the U.S. Securities and Exchange Commission (SEC) approved 11 spot bitcoin exchange-traded funds (ETFs), a move long anticipated by crypto enthusiasts. Despite this historic regulatory nod, the price of bitcoin witnessed stale action over the past 24 hours. In striking contrast, ethereum rallied, marking a 9.1% rise on Wednesday, overshadowing bitcoin’s underperformance. Ethereum Rises as Bitcoin Sees Muted Impact After ETF Approvals The SEC’s decision marks a significant turn in the regulatory landscape for cryptocurrencies. Six years after the Winklevoss Bitcoin Trust became the first Bitcoin ETF to be rejected in March 2017 , the approval of these 11 ETFs represents a watershed moment. However, the market’s response was unexpectedly muted. While such approvals typically fuel bullish sentiments, bitcoin’s price movement remained tepid, suggesting a more complex market dynamic at play. Bitcoin chart by TradingView Experts have been pondering the r...