Major upgrade

October 18th 2024 is another milestone day for Bitcoin and crypto in general. The Securities and Exchange Commission has approved 11 Bitcoin options ETF’s, which brings Bitcoin in the the category as gold and silver, commodities, etc… Investors can now buy options ETF’s with Bitcoin as the underlying asset. That opens new doors to huge capital markets.

https://img.inleo.io/DQmRE9quemYL2mwgeHcmVmHyLbEDMe3ndn4tREeWkgE5VyK/IMG_0070.webp

Jeff Park, CEO of Bitwise calls it a “major upgrade” for Bitcoin. With a fresh stack of money that will flow into Bitcoin.

Good for Altcoins

This is also good news for Atlcoins, and Altcoin season that is on the brink of starting. Bitcoin gets loads of influx from big money, but people will search for the gems among the alts, because of the rising price of BTC. It is easier to buy 10000 Hive or Doge than to buy one BTC. The search for the 10X and 100X coins is on again!

In short, a lot of good news for the entire crypto ecosystem!

Sincerely,

Pele23

Posted Using InLeo Alpha