Bitcoin is on a vertical tear, continuing its rapid resurgence and getting close to breaking its all-time high.
Bitcoin price advances like a steamroller toward all-time highs despite a fresh rebound in GBTC outflows.
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As Bitcoin's market share increases, its valuation could rise dramatically. Fidelity Investments predicts that Bitcoin could gain another $500 billion in market cap.
While bitcoin remains shy of its November 2021 all-time high in U.S. dollar terms, it has already breached record highs in local currencies in many markets around the globe.
Bitwise's chief investment officer, Matt Hougan, predicts increased demand for spot bitcoin ETFs as larger U.S. wirehouses enter the market.
Morgan Stanley is considering offering spot bitcoin ETFs to customers of its large brokerage platform.