by Billy Bambrough at Forbes
Bitcoin has exploded into 2024, powered by the arrival of a fleet of spot bitcoin exchange-traded funds (ETFs) on Wall Street (with a top BlackRock executive recently revealing what’s next).
The bitcoin price has soared back to its all-time high of around $70,000 per bitcoin, recovering from a 2022 crash that Goldman Sachs’ crypto lead thinks could signal a bitcoin price “turning point.”
Now, after U.S. Treasury secretary Janet Yellen issued a serious warning over the swelling $34 trillion U.S. debt pile, former billionaire and All In podcast “bestie” Chamath Palihapitiya has predicted bitcoin could “completely replace gold” as countries adopt it—potentially pushing it’s market capitalization toward gold’s $15.7 trillion…
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