Crypto market capitalization will grow by $1 trillion in case of approval of a spot bitcoin-ETF

The analytical company CryptoQuant in a new report on the cryptocurrency market writes that in the case of approval of the bitcoin-ETF capitalization of BTC can grow by $155 billion, and the total capitalization of the entire crypto market by $1 trillion, with the infusion of only 1% of institutional capital into the market.

According to analysts' calculations, the price of BTC in this case could rise to $50-70 thousand.

💲@Succuss_goals | Business_crypto_world💸

Buenos Aires will start issuing blockchain-based digital identity cards.

As early as October this year, Buenos Aires residents will be able to receive digital versions of birth and marriage certificates directly in their digital wallet!

Future plans include the integration of medical data, passports, and driver’s licenses. By the end of the year, a roadmap will have been published that will see blockchain solutions adopted nationwide.

Does anyone still think blockchains are a temporary fad? =)

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Binance continues to lose market share as cryptocurrency trading volumes fall to their lowest level in 9 months

Cryptocurrency trading volume on the Binance platform witnessed a decline in trading volume by 36.8%, reaching $115 billion last month, which is the lowest level the platform has seen since October 2020.

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Warren Buffett inadvertently invested in Bitcoin (BTC) via Nubank🤷‍♂️

Warren Buffett, who, if you remember, said that Bitcoin was “probably rat poison squared,” made it to the crypto market after all!

In 2021, Buffett’s company, Berkshire Hathaway, invested $750 million in Brazilian bank Nubank, which also allows trading of BTC and other crypto.

Today, the value of the position has grown to $840 million, a figure that has eclipsed other large stakes in Buffett’s portfolio, including such titans as Amazon, Apple, Coca-Cola, Bank of America, and Kraft Heinz.

It’s ironic: Even though Warren hasn’t changed his attitude toward Bitcoin, he has still touched the crypto market, albeit indirectly.

If this continues, we’ll definitely see the world of traditional finance become tightly intertwined with crypto.

💲@Succuss_goals | Business_crypto_world💸