Recent action in the world’s largest cryptocurrency – bitcoin (BTC-USD) – has captured the attention of both big institutions and the average investor.
Through the six days ending October 18, a total of $2.4 billion in net inflows came into the bitcoin exchange-traded funds (ETFs). This has increased the total assets under management for spot-bitcoin ETFs to more than $80 billion.
On today’s new episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall discuss the latest bitcoin action and what it means for the entire crypto market heading into both the election and 2025.
We’re now less than two weeks from Election Day. Many folks in the financial world view bitcoin as a proxy for former President Donald Trump. If that’s true, it’s more positive news for Trump’s campaign.
But bitcoin isn’t the only crypto worth watching heading into the election. Tim and Matt share the names of two smaller “altcoins”that you may want to keep an eye on if the broad market breaks out in the coming months.
One is a direct competitor to Ethereum (ETH-USD), and it has broken out in the last few days. The second is an interesting way to play the crypto market while also generating income.
Finally, they reveal when they believe bitcoin will reach the $100,000 milestone, and it may be sooner than you think.