🇸🇻 El Salvador’s *💰 *Bitcoin HODL Strategy Pays Off as Nation Sees 55% ProfitEl Salvador, the pioneering country that approved Bitcoin as legal tender, has consistently adhered to its HODL strategy, even amidst the market crash from two years ago and the massive rise toward new ATH this week. According to its Bitcoin tracker, El Salvador has 2,864 BTC, whose current value is $188 million, acquired across 12 transactions at an average price of $42,630 each. Based on today’s market, Bitcoin has seen a 176% increase over the past year, pushing El Salvador’s unrealized gains to $66 million.

Source

https://t.me/Bitcoin_Magazine

💰 Financial advisory network Cetera approves the use of 4 spot bitcoin ETFsWealth management and financial advisory firm Cetera approved the usage of four U.S. spot bitcoin exchange-traded funds for its network of 9,000 affiliated professionals. BlackRock’s IBIT, Fidelity’s FBTC, Franklin Templeton’s EZBC and Invesco’s BTCO were chosen due to the providers’ track record in successfully launching new product strategies, with the required resources, tools and knowledge, according to a statement from the company on Thursday.

Source

https://t.me/Bitcoin_Magazine

💰 Court rules Craig Wright is Not Bitcoin creator Satoshi NakamotoUK High Court has declared that Dr. Craig Wright, an Australian computer scientist, and businessman, is not the author of the Bitcoin whitepaper, did not create the Bitcoin system, and did not operate under the pseudonym Satoshi Nakamoto from 2008 to 2011. The judgment comes as the culmination of the legal battle between Wright and the Cryptocurrency Open Patent Alliance (COPA).

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin Hits Peak Interest on Google Trends Following SEC's ETF ApprovalsIn the week spanning Jan. 7th to the 13th, 2024, Google Trends revealed a peak interest score of 100 for the search term bitcoin. A closer examination of Google Trends over the past three months highlights that this interest surged to its apex on Jan. 11. This was the day after the U.S. Securities and Exchange Commission (SEC) sanctioned 11 spot bitcoin exchange-traded funds (ETFs).

Source

https://t.me/Bitcoin_Magazine

💰 Coinbase Prime hot wallet leads weekly Bitcoin trading with $11.4 billion volume

Coinbase Prime, the crypto platform explicitly designed for institutional investors, trusts, and high-net-worth individuals, has seen a dramatic increase in trading activity following the U.S. spot Bitcoin ETFs launch.

Source

https://t.me/Bitcoin_Magazine

💰 IMF Chief Sees Crypto as Asset Class — Says Bitcoin Won't Dethrone US Dollar as Dominant CurrencyInternational Monetary Fund (IMF) chief Kristalina Georgieva sees crypto as an asset class, not money. She dismissed concerns of bitcoin potentially displacing the U.S. dollar as the world’s dominant currency, citing the size of the U.S. economy and the depth and sophistication of its capital markets as key factors.

Source

https://t.me/Bitcoin_Magazine

💰 **Bitcoin nears all-time high in Argentina after Javier Milei wins presidential election

The** price of bitcoin in Argentina is reapproaching all-time highs after pro-bitcoin libertarian Javier Milei’s victory in the country’s presidential election last night. Bitcoin jumped 2% from around 13 million to 13.2 million Argentine pesos following the announcement before consolidating. It is currently trading at 13.17 million Argentine pesos, according to CoinGecko data. The price rise did not quite take bitcoin to new all-time highs in the country — 13.37 million Argentine pesos.

Bitcoin is also up 1.5% over the last 24 hours in U.S. dollar terms, currently trading at $37,215, according to The Block’s price data. When asked about the potential for bitcoin as a monetary alternative in an interview with the Argentine newspaper Clarín last year, “The first thing we have to understand is that the central bank is a scam. It is a mechanism by which politicians cheat good people with an inflationary tax,” Milei said. “What bitcoin is representing is the return of money to its original creator — the private sector,” he continued. “Bitcoin has an algorithm that one day it will reach a certain amount and there is no more and it can compete with other currencies, but the problem is that governments will not give up the legal tender.

Source

https://t.me/Bitcoin_Magazine

🇺🇸 **US Presidential Candidate Vows to Protect Bitcoin From Government Interference

U**.S. presidential candidate Vivek Ramaswamy says the government is “threatened by the existence of Bitcoin,” emphasizing that if the cryptocurrency becomes more popular, it would create “a threat to the incumbent status of the U.S. Federal Reserve itself.” He promised to ensure the government is “staying the heck out of the business of those who are innovating” if he’s elected president.

“My view is I’m against corporatism which is the merger of state power and private power to together coordinate and do what can’t be done,” he detailed. “I, instead, have a different vision, which is the government should get the hell out of the hair of Bitcoiners.” He emphasized: “It’s not how do we integrate. It’s how do you actually realize the initial promise of being an alternative Wild West that’s a true frontier for pioneers and explorers without being constrained.”. He warned: “That’s just the excuse they are using. Part of this is they want to create a surveillance state … to be able to monitor how you are using your energy. If they can monitor that, they can monitor anything.”

Source

https://t.me/Bitcoin_Magazine

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💰 **Spot bitcoin ETF fever has analysts guessing about the SEC's decision timeline

Bitcoin** has been rallying amid ongoing excitement that the Securities and Exchange Commission may be getting closer to a decision that could greenlight a spot ETF, rising almost 40% over the past month. The approval process is complex, however, and most analysts can only guess as to just how close the industry might be to getting an answer from the regulator. "The SEC will not want to act as kingmaker given the scrutiny it will attract, and this will take a little more time," Tim Bevan, CEO of ETC Group.

Despite fresh speculation that the SEC is due to soon say something about applications from asset managers inducing BlackRock and Fidelity because of a rebuttal period that ended this week after they were most recently delayed in September, the regulator had already pushed back its decision timeline on the proposed ARK 21Shares Bitcoin ETF until at least Jan. 10. Amid a wave of filings for funds earlier in the year, optimism that approval could be getting closer grew after judges ruled in August that the SEC had to re-review a bid for a spot bitcoin ETF from Grayscale Investments after the asset management firm sued the agency last year following the rejection of its plan for the conversion of its flagship GBTC fund.

Source

https://t.me/Bitcoin_Magazine