“I don’t think bitcoin is going to end up the medium of exchange for the world. It’s too volatile to serve well as a medium of exchange. And it’s really kind of an artificial substitute for gold. And since I never buy any gold, I never buy any bitcoin. I recommend others follow my practice.”\n\n The cryptocurrency industry is experiencing a surge in investments and is expected to continue its bullish phase in the coming years. With the potential approval of a bitcoin ETF and expansion into international markets, the future looks promising for the industry.’
‘ Cryptocurrency Industry Experiences Surge in Investments, Predicted to Expand into International Markets\n\nThe cryptocurrency industry has been garnering significant attention and investments, with bitcoin reaching new highs and other top cryptocurrencies also experiencing gains. This spike is attributed to the potential approval of the first spot cryptocurrency exchange-traded fund (ETF) on a major U.S. Exchange. Global regulators are actively cracking down on digital assets, targeting crypto exchanges and high-profile executives. The CEO of Coinbase Global, Inc. (NASDAQ:COIN) believes that regulatory clarity will bring in more investment, especially from institutions.\n\nExperts in the cryptocurrency space predict a new bullish phase, with bitcoin expected to reach record levels in 2024, surpassing $100,000. This sentiment is shared by Pascal Gauthier, CEO of Ledger, and Vijay Ayyar, vice president of international markets at CoinDCX. Additionally, Robinhood Markets, Inc. (NASDAQ:HOOD) is expanding its cryptocurrency trading feature to the European Union, tapping into international markets for growth.\n\nOn the other hand, there are still individuals who heavily criticize cryptocurrencies, such as Warren Buffett, CEO of Berkshire Hathaway Inc. (NYSE:BRK-A) (-B). His long-time business partner, Charlie Munger, recently expressed a more open-minded stance on the digital asset. In a recent interview with CNBC, Munger said: “I don’t think bitcoin is going to end up the medium of exchange for the world. It’s too volatile to serve well as a medium of exchange. And it’s really kind of an artificial substitute for gold. And since I never buy any gold, I never buy any bitcoin. I recommend others follow my practice.”\n\n The cryptocurrency industry is experiencing a surge in investments and is expected to continue its bullish phase in the coming years. With the potential approval of a bitcoin ETF and expansion into international markets, the future looks promising for the industry.’$PYPL2023-12-15T18:42:22.516Z
