Crypto News

This Week in Crypto

October 22, 2021


Is the launch of the first Bitcoin Futures ETF behind the most bullish week in the history of crypto?

 On Monday...

  • Square chief executive Jack Dorsey says the payments firm is exploring the possibility of building a Bitcoin (BTC) mining system.
  • Mark Yusko, Chief Executive Officer at Morgan Creek Capital Management, predicted Bitcoin to reach $250,000 in five years. 
  • The Central Bank of Brazil released a report that shows Brazilians have purchased more than $4 billion in cryptocurrency imports since the start of the year.

On Tuesday…

  • First Bitcoin Futures ETF traded nearly $1 billion in one day, breaking trading records for any debuting ETF.
  • Billionaire investor Carl Icahn claimed Bitcoin might be the best hedge for inflation in his interview with CNBC.

On Wednesday…

  • Bitcoin surpassed the Swiss Franc (CHF) in market capitalization as the world’s thirteenth largest currency, according to data from
  • During an interview on Wednesday with CNBC, billionaire hedge fund manager Paul Tudor Jones claimed Bitcoin to be a more preferred inflation hedge than gold.
  • VanEck planned to follow ProShares as the second issuer to list a bitcoin futures-based exchange-traded fund (ETF), according to a new filing with the Securities and Exchange Commission (SEC).
  • Budget airline Volaris to accept bitcoin payments in El Salvador.

On Thursday…

  • Foreign Ministry Official Alexander Pankin remarked in an interview with the Interfax news agency that Russia will acquire Digital Assets to reduce US Dollar dependence.
  • Pimco Chief Investment Officer Daniel Ivascyn said the global investment management firm is slowly increasing its cryptocurrency exposure. 

On Friday…

  • PayPal Co-founder Peter Thiel admits he underinvested in Bitcoin in an interview hosted by the Lincoln Network in Miami.
  • Sources Say Valkyrie Bitcoin Strategy ETF is set to launch on Nasdaq this week.

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