Bitcoin prices hit an all-time high.
Prices crossed the $ 65,000 mark just a day after the launch of the ProShares Bitcoin Exchange Traded Fund (ETF).
Bitcoin prices have been bullish in the last month as more interest in cryptocurrencies from the mainstream has increased.
This price hike further validates projections that Bitcoin prices may be much higher this year.
Although these prices are considered optimistic, some remain skeptical about Bitcoin prices and the volatility that accompanies cryptocurrencies as an asset class.
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Bitcoin skeptics think it’s all exaltation
Bitcoin and cryptocurrencies skeptics think that the sudden rise in prices of cryptocurrencies is completely hype.
Although the approval of the listing of the Bitcoin ProShares ETF shows a positive sentiment by the US Securities and Exchange Commission.
However, it leaves room for a break.
That’s for the critics.
Bitcoin would most likely have one of the world’s largest bullfighting races in history.
The Bitcoin ProShare ETF listing is a “crowd” regardless of opinions on and against the cryptocurrency.
Institutional Interest is growing
In addition to the listing impact, another positive marker for Bitcoin prices is the renewed institutional interest the list brings to the table.
This list, although seen as secondary for skeptics, is a sign that shows that the active class of cryptocurrency has grown.
It’s a fact. Institutions take notes and make their moves behind the scenes.
Is a breakout possible before December this year? Who knows?
One thing is for sure.
We haven’t heard the last of the sudden bullish movements for the world’s first cryptocurrency.