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Coin Stories with Natalie Brunell
News Block: Bitcoin Price Breaks $42K, Fed to Cut Rates in 2024?, El Salvador Bitcoin in Profit, Gold Hits New Record High, Franklin Templeton CEO Owns Bitcoin, New Decentralized Mining Pool
Dec 5, 2023
09:56
Snipd AI
Bitcoin breaks $42k, El Salvador's Bitcoin holdings in profit, Fed expected to cut rates in 2024, gold hits all-time high, Franklin Templeton CEO owns Bitcoin, new decentralized mining pool launched.
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Quick takeaways
- Bitcoin's price has surged past $42,000, marking the start of a potential crypto supercycle predicted to push it above $500,000.
- More institutions, such as Franklin Templeton, are expressing positive sentiment towards Bitcoin, with microstrategy continuing to acquire large amounts of the cryptocurrency.
Deep dives
Bitcoin's Price Rally and El Salvador's Profit
Bitcoin's price has surged past $42,000, marking the start of a potential crypto supercycle predicted to push it above $500,000. El Salvador, which holds a significant Bitcoin position, is now yielding a profit. President Naiib Bukhelli has no intention of selling the country's Bitcoin, highlighting the benefit of holding through volatility.
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