From Investing.com
July 11, 2024 10:07:50 AM:

ETFs saw high buying activity, reaching levels not seen since Bitcoin hit $73k in June. Bit Digital CEO discussed the successful launch of 10 spot Bitcoin ETFs, U.S. election impact, and bitcoin price forecast. Inflows surged despite selling pressure. BlackRock and Fidelity lead with $121M and $91M added, totaling $15.3B.

Trump seen as a pro-crypto candidate against Biden’s potential bitcoin mining tax. Trump promises to loosen regulations, gaining support among crypto advocates. Crypto not addressed in the first debate despite heavy lobbying. Different approaches on crypto regulations highlighted. Biden criticized for potential tax on mining, Trump aims for U.S. dominance.

Bitcoin price forecast presented by experts, expecting long-term structural upside and eventual surpassing of gold market value. Tabar predicts potential $1 million BTC value but uncertain timeline. Bit Digital mitigates volatility risk with HPC business. President Biden urged to reconsider re-election bid by top business leaders, including crypto billionaire Novogratz.

Read more at Investing.com: Bit Digital CEO discusses Biden vs. Trump, ETFs, Bitcoin price outlook By Investing.com