MicroStrategy CEO Michael Saylor shared his optimistic outlook for Bitcoin following the U.S. Securities and Exchange Commission's (SEC) approval of options on BlackRock's Bitcoin exchange-traded fund.
Saylor stressed that this approval will accelerate the institutional adoption of Bitcoin, highlighting the importance of this move for broader market participation.
The Securities and Exchange Commission (SEC) decision allows BlackRock’s iShares Bitcoin Trust, which will trade under the ticker “IBIT,” to offer Bitcoin-based options on Nasdaq.
This marks an important milestone by creating new opportunities for institutional investors to engage with Bitcoin through a regulated financial product.
The announcement was officially posted on the SEC’s website, signaling a key development in the growing intersection between traditional finance and cryptocurrencies.
Recent blockchain data reveals that a segment of Bitcoin investors has started selling off assets to lock in profits following a recent price surge.
CryptoCon confidently predicted an imminent bull market for Bitcoin, downplaying concerns of a recession or prolonged bear market.
Jeff Kendrick, global head of digital asset research at Standard Chartered, predicts Bitcoin could reach $200,000 by the end of 2025, regardless of the outcome of the 2024 US presidential election.
Coinbase is preparing to launch its cbBTC token on the Solana blockchain, according to the company’s Singapore director, Hassan Ahmed, during the Solana Breakpoint 2024 event.