The Bitcoin Correction We've Been Waiting For - JP Morgan BTC ETF - Buy NYC Bar with BTC&Ethereum - a podcast by Thinking Crypto

from 2021-01-10T22:51:31

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After pumping to $42,000 Bitcoin is finally seeing a healthy correction and seems to be building support levels at $37,000. Plan B tweeted an up to date Bitcoin stock to flow chart showing we are on track to $100,000. While a bitcoin exchange-traded fund (ETF) would be a long-term positive, in the short term it could hurt the price of the leading cryptocurrency as it would draw institutional money from the Grayscale Bitcoin Trust (GBTC), currently the only way for some on Wall Street to gain exposure to bitcoin, JPMorgan analysts wrote in a report. A New York bar owner is selling his business for bitcoin (BTC) and ether (ETH), which could make it the first cryptocurrency-only restaurant sale in the U.S.

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