This comes after the currency languished for two years, plummeting from the previous high of $19,000 reached back in December 2018, when Bitcoin was subject to another round of media hype and investor interest.
Mike Venuto is co-portfolio manager for the Amplify Transformational Data Sharing ETF, a $391 million fund that focuses on companies that trade and develop uses for Bitcoin and other digital currencies, as well as the technology behind the currency, known as the blockchain.
He spoke to the press about Bitcoin’s recent rise and what’s different this time for the currency:
Q: Tell us a little bit about the fund.
Continue reading your story on the app
Continue reading your story in the magazine
PANDEMIC GIVES BOOST AS MORE STATES MOVE TO DIGITAL IDS
The card that millions of people use to prove their identity to everyone from police officers to liquor store owners may soon be a thing of the past as a growing number of states develop digital driver’s licenses.
THE NEW APPLE TV 4K: CINEMATIC EXPERIENCE WITH A12 BIONIC CHIP & NEW SIRI REMOTE
Whilst it was the overhauls to the iMac and iPad that got people talking at this year’s Spring Loaded event held in Cupertino, California, Apple also used the virtual keynote to announce a refresh to its popular Apple TV set-top box. The latest iteration drives huge leaps forward in graphics performance, introduces the A12 Bionic chip to Apple TV, as well as an all-new Siri Remote, designed to take Apple’s cinema-athome experience to even greater heights.
RANSOMWARE GANGS GET MORE AGGRESSIVE AGAINST LAW ENFORCEMENT
Police Chief Will Cunningham came to work four years ago to find that his six-officer department was the victim of a crime.
MLB TELLS ATHLETICS TO EXPLORE RELOCATION IF NO NEW BALLPARK
Major League Baseball instructed the Athletics to explore relocation options as the team tries to secure a new waterfront ballpark it hopes will keep the club in Oakland long-term.
NEBRASKA COULD LET STATE BANKS OFFER CRYPTOCURRENCY SERVICES
Nebraska banks that want to cash in on the cryptocurrency tech craze could start offering services to customers who own Bitcoin and other digital assets under a bill backed by Monday state lawmakers.
ELON MUSK SHOWS HUMILITY AND HUBRIS AS ‘SNL' HOST
Elon Musk showed a combination of humility and hubris as he opened his highly anticipated hosting gig on “Saturday Night Live.”
AS CHIP SHORTAGE GOES ON, CARS ARE SCARCE AND PRICES ARE UP
For the next few months, Charlie Gilchrist figures his 11 car dealerships in the DallasFort Worth area will sell just about every new vehicle they can get from the factories — and at increased prices.
SEYFRIED LENDS GROUNDING PRESENCE TO CAMPY THRILLER
Hollywood thrillers in which sophisticated, attractive city folk move to creaky old country homes and experience scary things are a dime a dozen. Less common is when those Hollywood thrillers are based on the theology of 18thcentury Swedish mystic Emanuel Swedenborg.
AMAZON BLOCKED 10 BILLION LISTINGS IN COUNTERFEIT CRACKDOWN
Amazon, which has been under pressure from shoppers, brands and lawmakers to crack down on counterfeits on its site, said Monday that it blocked more than 10 billion suspected phony listings last year before any of their offerings could be sold.
AGS URGE FACEBOOK TO DROP ‘INSTAGRAM FOR KIDS' PROPOSAL
A bipartisan group of 44 attorneys general has written to Facebook CEO Mark Zuckerberg urging him to drop company plans for a version of Instagram for children under the age of 13, Massachusetts Attorney General Maura Healey announced Monday.
TESLA TO STOP ACCEPTING BITCOIN FOR CAR PAYMENTS
Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns.
For Crypto, The Price of Success May Be Regulation
Governments could finally target the anonymity that makes Bitcoin a haven for hackers
THE WORLD OF CRYPTOCURRENCIES
Digital cash, mining, and a grim look at the future of graphics cards.
DOGECOIN: THE NEW BITCOIN IS HAPPENING RIGHT NOW
DISCLAIMER The Content of this article is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained constitutes a solicitation, recommendation, endorsement, or offer by HII or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content presented is the information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the article or website constitutes professional and/or financial advice.
LAW & CRYPTO
Arthur Hayes faces U.S. prosecution over how he ran his overseas Bitcoin exchange
Tesla's kiss of confidence sends Bitcoin price skyrocketing
According to Grayscale Bitcoin Trust, Bitcoin price rose 20.6%, its highest since mid-January.
Bitcoin: Fool's Gold or Digital Gold?
The past year has seen the Bitcoin vs Gold as a hedge investment debate hotting up. The price rally in cryptocurrency has led to a shift in sentiments, with many investors now finding it a viable investment.
Bitcoin could reach a high of $146,000, says JPMorgan
Bitcoin’s emergence as ‘digital gold’ could boost its price to $146,000, says JPMorgan & Chase.
COST OF A SINGLE BITCOIN EXCEEDS $50,000 FOR FIRST TIME
The seemingly unstoppable rise of Bitcoin continued with the cost of a single unit of the digital currency rising above $50,000 for the first time.
127 Minutes With… Sam Bankman-Fried
Who was that mysterious Biden donor? A dispassionate 28-year-old with $10 billion in crypto.