Stocks Analysis by Investing.com (David Wagner) covering: BlackRock Inc, PayPal Holdings Inc, Block Inc, Bitcoin. Read Investing.com (David Wagner)'s latest article on Investing.com
Buying the crypto is not the only way to profit from the potential rallyhas been facing downward pressure for the past few weeks, with the cryptocurrency trading below $26,000 after hitting a yearly high of nearly $32,000 in July, there are compelling reasons to remain optimistic about its longer-term prospects.
Although the American regulator is maintaining a firm stance, having notably postponed its decision on several proposals a few days ago, there is reason to believe that it will eventually be forced to approve such a product. The launch of such a product would pave the way for a more massive influx of institutional investors into Bitcoin, which could propel the price higher.Another key factor that experts believe will significantly boost the price of Bitcoin is the next halving, due to take place in April 2024. Halvings are technical events programmed into the Bitcoin code that occur approximately every four years.
In a note published this week, Goldman Sachs estimated that this could happen as early as the second quarter of next year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blackstone Stock Jumps on S&P 500 Inclusion: Is This Just the Beginning?Stocks Analysis by Investing.com (Günay Caymaz) covering: S&P 500, Blackstone Group Inc. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Read more »
A Closer Look at Software Developers GitLab, Asana After Their Solid ResultsStocks Analysis by Shane Neagle covering: Gartner Inc, Asana Inc, Gitlab Inc. Read Shane Neagle's latest article on Investing.com
Read more »
Tesla Stock Set to Put the Pedal to the Metal as Price Cuts Begin to Bear FruitStocks Analysis by Investing.com (Damian Nowiszewski) covering: Tesla Inc, Tesla Motors Inc, COMMERZBANK AG ZT TESLA MOTORS INC 31Dec99, Banca IMI SpA ZT Tesla 10Jun20. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Read more »
Stocks are mixed in U.S. trading in holiday-shortened week By Investing.comStocks are mixed in U.S. trading in holiday-shortened week
Read more »
Asian stocks dip, Japan outperforms as BOJ flags continued stimulus By Investing.comAsian stocks dip, Japan outperforms as BOJ flags continued stimulus
Read more »
European stocks lower; weak German factory orders weigh By Investing.comEuropean stocks lower; weak German factory orders weigh
Read more »