Is The Bitcoin ETF (BITO) The New GLD?

The SEC approved the new bitcoin ETF on Friday. It started trading today under the ticker BITO.   Whether you believe bitcoin will ultimately survive government regulation or not, the introduction of an ETF that tracks bitcoin futures, creates access for a new audience. For institutional investors, now they can allocate to bitcoin, within their mandate. And it allows individual investors who…

Billionaire ‘SPAC King’ Reveals His Huge Bitcoin Bet—And Predicts The Bitcoin Price Will Climb As It Replaces Gold

Bitcoin and cryptocurrency prices have surged into October after a difficult September, with the crypto market charging back over $2 trillion. The bitcoin price is again nudging $50,000 per bitcoin after dropping under the closely-watched level in early September—even after Tesla TSLA chief executive Elon Musk, one of the biggest boosters of the bitcoin price…