Key Highlights:
- Elon Musk discusses the potential use of Bitcoin on X and reveals his and SpaceX’s crypto investments.
- SEC approves ARK 21Shares Bitcoin ETF, with trading set to start Thursday.
Musk’s Openness to Bitcoin on X
Yello Paradisers! During a recent X Space event, Tesla CEO Elon Musk, known for his influential views on cryptocurrencies, expressed openness to incorporating Bitcoin into X’s operations. While maintaining his usual passive stance on Bitcoin, noting, “I don’t spend a lot of time thinking about Bitcoin,” Musk acknowledged the potential of using the digital currency on X.
Bitcoin: The Digital Gold
Musk likened Bitcoin to gold, emphasizing its suitability as a store of value rather than for payments. This comparison highlights the evolving perception of Bitcoin in the financial world.
Musk’s Personal Crypto Portfolio
In a candid revelation, Musk disclosed his significant holdings in Dogecoin, along with SpaceX’s investment in Bitcoin. This personal and corporate investment in cryptocurrencies underscores the growing interest and acceptance of digital assets among leading tech figures and companies.
Green Light for Bitcoin ETFs
In a major development for the cryptocurrency market, U.S. regulators have approved Bitcoin ETFs, marking a significant milestone for the 15-year-old digital currency. The ARK 21Shares Bitcoin ETF received the SEC’s nod, with trading expected to begin on Thursday.
Competitive Fee Adjustments
In response to market competition, ARK 21Shares has revised its expense ratio from 0.25% to 0.21%. Additionally, the ETF plans to waive fees for the first six months or until its assets hit the $1 billion mark, offering an attractive incentive for early investors.
Musk’s Jab at the SEC
Following the SEC’s mistaken tweet about Bitcoin Spot ETF approvals, Musk humorously reengaged in the crypto conversation, playfully responding to the SEC’s blunder with a reference to Dogecoin.
Tesla’s Environmental Concerns with Bitcoin
It’s noteworthy that Tesla previously halted Bitcoin payments for vehicle purchases due to environmental concerns, reflecting the ongoing debate over the cryptocurrency’s ecological impact.
In the dynamic world of crypto, information is power. But what if you could have more than just information? Get insider News we use for trading, unlock access to private news channels:
1️⃣🔍Digest
Time is precious. Get the day’s pivotal events, distilled to perfection. No noise, just essence.
2️⃣🧠Expert
Ever wondered about the ‘why’ behind the news? Our ParadiseTeam experts decode the intricacies for you, giving you an edge.
3️⃣🔐Exclusive
Step into the realm of elite insights. Content that’s not just informative, but transformative.
Why be a spectator when you can lead the charge? With MCP🗞NEWS PRIVATE channels, you’re not just better informed; you’re ahead. CLICK HERE to find out more about what you will get, UNLOCK the PRIVATE sections, and embark on a crypto journey like no other!
