Ivan suggests that Bitcoin’s current trend may lead to a significant breakout soon. With prices recently surpassing $66,000, he sees a potential for a strong rally if Bitcoin crosses the $70,000 mark.
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Institutional interest is increasing, with Bitcoin ETFs receiving nearly $500 million in inflows over just two days, indicating renewed interest from major financial players.
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Ivan notes an emerging tactic, inspired by MicroStrategy, where companies leverage fiat (regular currency) to purchase Bitcoin. He mentions firms in Germany and Canada adopting this approach, which he believes could further drive demand for Bitcoin.
Given factors like the upcoming U.S. election and BlackRock CEO Larry Fink’s continued advocacy for Bitcoin, Ivan believes this could be a pivotal time. He advises approaching this market with caution, as Bitcoin’s current momentum might present a unique opportunity for well-timed gains.
