Bitcoin has just hit US$50,000, it’s the highest in over two years. This is due to the bitcoin ETF that was recently approved. We are now witnessing billions of dollars flow into bitcoin from institutions, funds, and superannuation funds that have never been able to get access to bitcoin before. What is so important about this is that we will soon see the bitcoin halving take place in three months time where the supply of bitcoin in circulation will essentially be cut in half - as demand for bitcoin increases and supply decreases, the price for bitcoin will undoubtedly rise and Digital X’s asset value will follow.
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