Bloomberg Intelligence reports that Bitcoin, which is on its way to becoming a digital reserve asset, and Ethereum, which can become the collateral of the internet, can continue to increase in value. explained.
In the analysis report released for November, Bitcoin of exchange-traded funds (ETFs) investing in futures contracts able to mature and bitcoin futures contract market can continue to grow specified.
U.S., Europe and Canada’s cryptocurrencies to exchange traded funds and to futures contracts given against China by giving the green light “wins the cold war” Analysts, who stated that this trend has changed, can carry it for $100,000 explained.
Bitcoin ETFs that invest in futures contracts on the CME began trading in the US this year. The first of these, the ProShares Bitcoin Strategy ETF (BITO), was launched in two days. $1.1 billion It became the fastest ETF to surpass the $1 billion threshold in history.
With the non-fungible token (NFT) ecosystem tokenization Ethereum, the leading platform of the process, accompanying Bitcoin can gain value and it is thought to be able to maintain its performance in 2021.
“Demand is growing, quantity in circulation is decreasing, and Ethereum being at the center of the digitalization of finance and money is for the price to increase even more. lays the ground”
Ethereum, which is preparing to switch to the proof-of-stake algorithm after implementing the Beacon Chain, which is located between ETH 1.0 and ETH 2.0, today exceeding $4,600 renewed its price record so far.