by Billy Bambrough at Forbes – Digital Assets
06/10 update below. This post was originally published on June 8
Bitcoin has swung wildly this week as U.S. president Joe Biden and former president Donald Trump were warned there’s “only one way to save the dollar.”
The bitcoin price has topped its previous all-time high in recent months—climbing above $70,000 per bitcoin, helping the ethereum price to triple and Ripple’s XRPXRP 0.0% to add almost 50% since their 2022 lows—as Ripple’s chief executive issues an “inevitable” new crypto exchange-traded fund (ETF) prediction after the success of Wall Street’s spot bitcoin ETFs.
Now, with the Federal Reserve quietly admitting that gold is replacing the U.S. dollar, bitcoin and crypto investor Brock Pierce has said it’s only a matter of time before China reopens its digital doors to crypto after its 2021 crackdown crashed the bitcoin price…
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