Market News
‘Changing Fast’—Bitcoin Is Suddenly Braced For A $10 Trillion Wall Street ETF Price Boom - FORBES
Bitcoin has recovered this month from a sell-off that had threatened to spiral into a full blown price crash—supported by the Federal Reserve quietly priming the bitcoin price and crypto market.
The bitcoin price has soared toward $100,000 per bitcoin, up from April lows of around $75,000, as it hurtles toward what bitcoin exchange-traded fund (ETF) giant BlackRock has called a “geopolitical fragmentation megaforce" shock.
Now, as a leak reveals growing establishment fears over U.S. president Donald Trump’s bitcoin and crypto plans, Wall Street giants that manage a combined $10 trillion on behalf of clients are predicted to "open for business" on bitcoin this year.
