The founder of SkyBridge Capital – Anthony Scaramucci in a recent interview with CNBC said that the bullish run in 2021 will still continue inspite of the price drop by more than $10,000 in minutes. He believes The Asset is for long term and will come back stronger, this all started after Elon Musk’s attacked bitcoin due to environmental issues. He aslo added that his organization researcher indicated that Bitcoin uses Renewable Energy, and the “overall carbon emission is 0.13%.”
Ethereum products inflows surpassed inflows into Bitcoin for the first time ever according to Digital asset manager CoinShares. Ethereum recorded trading volumes up to $4.1 billion, compared to Bitcoin’s $3.1 billion, and for the first time trading volumes in ETH surged more than in BTC at the firm. Bitcoin investment products recorded $98 million outflows. Ethereum also saw $27 million worth of inflows last week.
Bill Miller, Hedge fund manager and investor Supports the number one Cryptocurrency by market cap, he sees bitcoin as a safe investment and the dipping value makes it even more attractive investment. He declared Bitcoin as a safe investment even after the recent price collapse because it’s even a good buy with the current low buy price. He believes everything will get back to normal so people shouldn’t give up on it.
Committee set up by the Australian Senate will look into crypto assets regulation within the country, in order to strengthen the nation’s fintech sector and encourage financial Innovation. The committee will look into law and policies around cryptocurrencies in Australia and also other measures taken by other countries like Canada, Singapore, the United Kingdom. The Committee will also include policies that will protect the interest of users