Originally aired on June 22, 2023
Bitcoin has surpassed $30,000 again, with traditional financial institutions planning to offer ETFs for digital assets. This news, along with a fluctuating economy, could have implications for June 21, 2023.
What is causing Bitcoin’s rise and what does it mean?
- Bitcoin has surged over 30%, with a 16% increase in the past seven days.
- The US government has been slow to regulate, but may soon allow BlackRock to have a Bitcoin spot ETF, potentially allowing them to acquire most of the Bitcoin on central exchanges.
- Bitcoin’s dominance has been hovering around 50% and may signal becoming the Supreme king daddy among digital assets.
- Trader Peter Brandt predicts Bitcoin will outperform all other digital assets, suggesting some altcoins may fade away.
- The US government has passed a debt ceiling bill, removing the ceiling and allowing them to print endless amounts of money, potentially further devaluing the dollar.
- Concerns arise as BlackRock is one of the world’s largest asset managers, which according to James O’Keefe’s investigative report, they influence politicians and manipulate economies.