Bitcoin News

Bitwise’s Chief Information Officer (CIO), Matt Hougan, recently responded to a claim made by Jim Bianco, stating that only a small portion of the managed assets of spot Bitcoin Exchange-Traded Funds (ETFs) in the U.S. come from investment advisors.

Bitcoin investors should prepare for a “seasonal slog” in September, which has historically been the worst month for average returns, according to New York Digital Investment Group (NYDIG).

Macro analyst Lyn Alden is optimistic about Bitcoin’s long-term prospects due to the rising interest payments on the US national debt, which has surpassed $35 trillion.

Investors in Bitcoin should prepare for a challenging September, historically one of the worst months for returns, according to New York Digital Investment Group (NYDIG).

In a recent CNBC interview, Michael Saylor forecasted a Bitcoin price of $13 million, but Peter Schiff dismissed this prediction as “nonsense.” Schiff criticized Bitcoin and promoted gold as a superior investment.

Japanese investment company Metaplanet has significantly boosted its Bitcoin holdings with the acquisition of approximately 38 more BTC, valued at around 300 million yen ($2 million).

Jim Bianco, CEO of Bianco Research, has expressed doubts about the impact of Bitcoin ETFs in the US, despite the initial enthusiasm.