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Thread: Bitcoin

  1. #733

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    Default Re: Bitcoin

    Weak bounce off of 40,600.

    btc40600.png

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  3. #734

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    Default Re: Bitcoin

    Not too crazy about this being in the "infrastructure bill", but exchanges should be reporting this activity to the IRS. I doubt many who trade bitcoin even bother to file taxes properly.

    The provision in the roughly $1 trillion plan, approved by the Senate Tuesday, requires brokers of digital assets to report on gains from trading to the Internal Revenue Service. As crafted, it would raise an estimated $28 billion over a decade to help pay for improved roads, bridges, ports and other infrastructure.
    https://www.wsj.com/articles/crypto-...k-11628693953?

  4.  
  5. #735

    Default Re: Bitcoin

    Boom!

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  7. #736

    Default Re: Bitcoin

    Bitcoin jumps to nearly 5-month high, topping $55,000 on Wednesday

    https://www.cnbc.com/2021/10/06/bitc...wednesday.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

  8.  
  9. #737

    Default Re: Bitcoin

    I think Bitcoin will soon set a record again and break the $60,000 bar. Also, Solana has been very surprised lately

  10.  
  11. #738

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    Default Re: Bitcoin

    New bitcoin ETF based off futures? Think about USO and UNG which also hold futures.

    I'm seeing many comparisons to this being like the inauguration of the GLD ETF for the price of gold. GLD holds physical gold, so there is no comparison there.

    One of the biggest limitations is that the futures ETF cannot hold 100% bitcoin futures. It would also have to hold Treasuries and even cash, while leveraging futures exposure to achieve the target allocation. This could cause the bitcoin futures ETF to perform differently than bitcoin itself.

    There is also a substantial roll cost associated with futures-based funds. Because a futures contract is a contract for future delivery, the ETF has to continuously sell the futures contracts in the front month and buy another month out.
    https://www.businessinsider.com/bitc...itwise-2021-10


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