Coin Stories
News Block: Bitcoin's $1 Trillion Market Cap, BTC & Gold ETF Flows Diverge, CNBC Anchor Defends Bitcoin, Julian Assange Faces Possible Extradition
Feb 20, 2024
Joe Kernen defends Bitcoin against SEC Chair Gensler on CNBC. Topics include Bitcoin's $1 trillion market cap, ETF flows diverge with gold, 51% attack on BTC network deemed 'unfeasible', and Julian Assange's possible extradition. Insights on Bitcoin's decentralization, security against attacks, and its connection to freedom advocacy.
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Quick takeaways
- Bitcoin's market cap surpasses $1 trillion, signaling strong investor confidence.
- Bitcoin ETF inflows outpace gold, highlighting a growing shift of capital towards Bitcoin as a superior store of value.
Deep dives
Bitcoin's Potential Bull Market
Despite low search interest and retail trading volume, Bitcoin regained its trillion dollar market cap. The current environment, with signals of rate cuts and an upcoming halving, suggests that the bull market is just beginning.
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