卡尔
voted
$Bitcoin (BTC.CC)$ notched a fresh all-time high Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund $ProShares Bitcoin ETF (BITO.US)$ .
The world’s largest cryptocurrency is now above $65000, according to Coin Metrics. The coin at its highs passed the $66,900 level Wednesday, topping a previous intraday record of $64,899 set in mid-April.
Big change since 2020:
$ProShares Bitcoin ETF (BITO.US)$ , which tracks bitcoin futures contracts pegged to the future price of the cryptocurrency, rose nearly 5% on its first day of trading Tuesday.
However, not everyone in the crypto market was impressed. “More products are great, but I just don’t see the point of investing in futures-based bitcoin ETFs when you can buy the asset in the spot market,” said Jodie Gunzberg, managing director of CoinDesk Indexes.
Any thoughts to share about BTC and BITO?
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Source:
Bitcoin jumps to new high above $66,000 after landmark U.S. ETF launch
The world’s largest cryptocurrency is now above $65000, according to Coin Metrics. The coin at its highs passed the $66,900 level Wednesday, topping a previous intraday record of $64,899 set in mid-April.
Big change since 2020:
$ProShares Bitcoin ETF (BITO.US)$ , which tracks bitcoin futures contracts pegged to the future price of the cryptocurrency, rose nearly 5% on its first day of trading Tuesday.
However, not everyone in the crypto market was impressed. “More products are great, but I just don’t see the point of investing in futures-based bitcoin ETFs when you can buy the asset in the spot market,” said Jodie Gunzberg, managing director of CoinDesk Indexes.
Any thoughts to share about BTC and BITO?
Click to join the discussion and win points!
Source:
Bitcoin jumps to new high above $66,000 after landmark U.S. ETF launch
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$Tilray Brands (TLRY.US)$ The options are coming soon 😭😭😭
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$Hall Of Fame Resort & Entertainment (HOFV.US)$ Sell it quickly. It's still going down. If you don't sell, you'll lose 70%.
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$Hall Of Fame Resort & Entertainment (HOFV.US)$ I'm standing at the top of the mountain blowing the wind
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$Dolphin Entertainment (DLPN.US)$ Can it rise to 23 tomorrow
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$Hall Of Fame Resort & Entertainment (HOFV.US)$ Junk stocks
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$NIO Inc (NIO.US)$
(Turn)
First, the trend of electrification of electric vehicles has only just begun, and now it has just reached a definite critical point. What I've talked about before is all about expectations. This year is the beginning of a real major trend in industrialization.
This industry should be said to be very clear when looking at 5, 10, or more years. The global penetration rate of electric vehicles is probably only 5 or 6 points. In the future, I think 50 points or even 100 points is just a matter of time.
You look expensive now, and if you consider that space is actually not expensive, after all, major industrial trends have been established now.
In the past, stocks that speculated on new energy vehicles did rise almost as much. People took a break at the beginning. The reason for taking a break was because in the past, they were driven by policies, and generally wave by wave.
The main reason is that the sales volume is too good, and the policy needs to be accelerated. After a period of time, sales volume was poor, and the company's performance was also relatively poor, so we pulled back again, waited until the adjustments were completed, and then started a new round.
So the big cycle and the big wave band were still very obvious before, but we think that starting this year, there will be very little possibility of a pullback. It will be a major industry trend that continues to rise, and this industry trend has only just begun.
Second, in the past, speculating on electric cars was usually the best target first, but in this round, they were all good companies. In the past, storytelling companies didn't rise. Why?
Because now everyone is more professional, from an industrial point of view, leading companies with technical advantages and cost advantages. Looking at this kind of company for 5 or 10 years, its certainty is quite clear, and this kind of asset is definitely...
(Turn)
First, the trend of electrification of electric vehicles has only just begun, and now it has just reached a definite critical point. What I've talked about before is all about expectations. This year is the beginning of a real major trend in industrialization.
This industry should be said to be very clear when looking at 5, 10, or more years. The global penetration rate of electric vehicles is probably only 5 or 6 points. In the future, I think 50 points or even 100 points is just a matter of time.
You look expensive now, and if you consider that space is actually not expensive, after all, major industrial trends have been established now.
In the past, stocks that speculated on new energy vehicles did rise almost as much. People took a break at the beginning. The reason for taking a break was because in the past, they were driven by policies, and generally wave by wave.
The main reason is that the sales volume is too good, and the policy needs to be accelerated. After a period of time, sales volume was poor, and the company's performance was also relatively poor, so we pulled back again, waited until the adjustments were completed, and then started a new round.
So the big cycle and the big wave band were still very obvious before, but we think that starting this year, there will be very little possibility of a pullback. It will be a major industry trend that continues to rise, and this industry trend has only just begun.
Second, in the past, speculating on electric cars was usually the best target first, but in this round, they were all good companies. In the past, storytelling companies didn't rise. Why?
Because now everyone is more professional, from an industrial point of view, leading companies with technical advantages and cost advantages. Looking at this kind of company for 5 or 10 years, its certainty is quite clear, and this kind of asset is definitely...
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