Australian shares are set to open modestly lower as iron ore, oil and gold each slid. Bitcoin at $US100,00? Follow updates here.
A more positive US political environment for digital assets will likely help propel bitcoin to a record $US100,000 or even higher by the end the year, according to Michael Novogratz, the billionaire founder and chief executive of Galaxy Digital. “If we take $US73,000 in the next couple of weeks or so, we are going to end the year at $US100,000 or higher,” Novogratz said during a Bloomberg Television interview. “That is a good enough target.
The US Securities and Exchange Commission made a step toward approving exchange-traded funds investing directly in Ether. Political donations supporting pro-crypto candidates have piled in, and even presidential candidates have been competing on their stance on crypto. “I think we are getting skewed to the upside,” Novogratz said. “We kind of got to the finish line. DC has finally agreed in principle that crypto legislation has to happen, that should be bipartisan.
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