Bitcoin has soared this week, rising above $30,000. It has been fueled, in part, by BlackRock and other institutions filing applications to launch spot bitcoin ETFs. Yahoo Finance Live spoke with several experts about the cryptocurrency’s rise.
Video Transcript
[AUDIO LOGO]
JULIE HYMAN: Bitcoin has climbed by about 20% since June 15, that’s when BlackRock said it was filing for SEC approval of a spot Bitcoin ETF.
ROXANNA ISLAM: For a while, everyone was sort of looking at crypto and they weren’t as interested as they were– as they were in the pandemic. And now, everyone’s been talking about crypto ETF performance again this year.
JARED BLIKRE: Bitcoin extending its run higher, briefly topping $30,000. And it comes as Wall Street is giving the sector a vote of confidence.
BRADY DALE: This is just a week of excitement. That doesn’t mean it’s going to stay up next week, these things– these things move really fast in this world.
CHRIS FERRARO: Investors should take away that this is anything but bearish for the future of institutionally adopted regulated cryptocurrencies, not just in the US, but globally.
DAVID HOLLERITH: So there’s like a lot going on here. And we’re kind of getting a sense that it’s maybe a winds-of-change for the sector.
– Brady, what about, though, the odds of the Bitcoin spot ETFs getting approval, right? Because they’ve tried this before.
BRADY DALE: I’d say, no way in the Biden administration. I say, no way in the Biden administration. That’s my call.
