Opinions | ForkLog

ForkLog 26 17.01.2024

IMF Chief: Cryptocurrencies Are Not Money

Cryptocurrency is nothing more than an investment tool, according to Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), in an interview with Yahoo Finance. “It is necessary to distinguish between money and assets. When we talk about cryptocurrency, we are actually talking about the latter category. They can be backed and in this […]

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ForkLog 32 16.01.2024

Circle CEO Predicts U.S. Leadership in Stablecoin Regulation

Jeremy Allaire, founder and CEO of Circle, has expressed optimism about the prospects for global stablecoin regulation in 2024, predicting that the United States will take the lead. The head of the USDC issuer believes that as part of broader cryptocurrency regulations, U.S. authorities will propose investor protection standards for the stablecoin sector. Allaire opines […]

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ForkLog 27 16.01.2024

Experts Highlight Risks of Spot Bitcoin ETFs

Spot Bitcoin ETFs have opened a channel for large capital inflow into the industry, but also introduced new risks. Traditional financial practices could pose a threat to the ecosystem of the first cryptocurrency. TradFi players might attempt to influence the network’s development, though this is unlikely. The approval of spot Bitcoin ETFs by the SEC […]

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ForkLog 17 15.01.2024

Bitcoin’s Bearish Scenario Deemed Unlikely by Experts After Dip Below $42,000

The leading cryptocurrency plummeted by 15% following the launch of spot Bitcoin ETFs. Experts consulted by ForkLog suggested further declines and noted a shift of funds into altcoins. Despite bullish sentiment preceding the approval of spot Bitcoin ETFs, the leading cryptocurrency fell nearly 15% after their launch—from $49,000 to $41,500. 15-minute BTC/USDT chart on Binance. […]

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ForkLog 12 15.01.2024

JPMorgan Predicts Shift from GBTC to Other Bitcoin ETFs

Registered spot Bitcoin ETFs could attract up to $36 billion from other crypto products like the Grayscale Bitcoin Trust (GBTC), according to a forecast by JPMorgan, reports CoinDesk. Analysts did not provide an estimate for “fresh” inflows into these instruments. They described the market’s reaction to the decision by the SEC to approve the products […]

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ForkLog 19 15.01.2024

Fidelity Sees Benefits for DeFi and Stablecoins in Potential Fed Rate Cuts

Institutions may renew their interest in DeFi products and stablecoins if yields in TradFi decline due to the policies of the Federal Reserve. This forecast was presented by Fidelity. Analysts noted that the Federal Reserve’s rate hikes have driven institutions away from the crypto space towards safer traditional fixed-income instruments. According to the report, DeFi […]

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ForkLog 19 14.01.2024

Analysts Doubt Imminent Approval of Spot Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) is unlikely to approve an ETF based on the spot price of Ethereum in the near future, according to analysts from investment bank TD Cowen, reports The Block. “We expect the SEC will not approve an ETP for other tokens soon, as it will want to study the […]

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ForkLog 18 12.01.2024

BlackRock CEO Recognizes Value in Spot Ethereum ETF

Larry Fink, CEO of financial giant BlackRock, stated in an interview with CNBC that he “sees value” in a spot ETF based on the second-largest cryptocurrency by market capitalization. Part 2: ETH ETF pic.twitter.com/qnmB7azyQN — Cryptik1.eth |? (@Cryptik1E) January 12, 2024 “I do not believe that [digital assets] will ever become a currency. I consider […]

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ForkLog 18 12.01.2024

SEC Commissioner Criticizes Approval of Spot Bitcoin ETFs

The decision by the SEC to approve exchange-traded funds based on the spot price of Bitcoin is “unjustified and anti-historical,” according to Commissioner Caroline Crenshaw. She stated this in a recent announcement. “It sets us on the wrong path of neglecting investor protection. I cannot agree that these actions serve our legislative or core mandates, […]

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ForkLog 30 12.01.2024

Cathie Wood Predicts Bitcoin Could Reach $1.5 Million by 2030

In a bullish scenario, the leading cryptocurrency could reach a price of $1.5 million by 2030, according to ARK Invest CEO Cathie Wood, speaking on CNBC. Cathie Wood makes her $1.5 million bull case for the price of bitcoin by 2030. https://t.co/r34iRNA9bG pic.twitter.com/chWWDH7ioE — CNBC (@CNBC) January 11, 2024 She gave the interview on the […]

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ForkLog 13 11.01.2024

Bitcoin’s Price Trajectory Post-Spot ETF Launch: Expert Insights

The muted response of Bitcoin to the SEC’s approval of spot exchange-traded funds (ETFs) based on the leading cryptocurrency was anticipated. However, in the long run, this development is expected to attract substantial institutional investments and significantly impact the coin’s valuation, experts consulted by ForkLog have stated. The Significance of Bitcoin ETFs and Their Impact […]

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ForkLog 30 09.01.2024

Expert Predicts Premiums for Spot Bitcoin ETFs

Spot Bitcoin ETFs are expected to trade at a significant premium to NAV. This was stated in an interview with Bloomberg by Reggie Browne, co-head of ETF trading and sales at GTS.

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