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This Week in Crypto (Week 43)

November 6, 2021

Tammy Ha

With the first Bitcoin Futures ETF launched, this week might be 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 will reach $250,000 in five years. 

The Central Bank of Brazil released a report that shows Brazilians have purchased more than $4 billion on cryptocurrency imports since the start of the year.

On Tuesday…

First Bitcoin Futures ETF traded nearly $1 billion in one day, breaking the trading record 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 Fiatmarketcap.com.

According to 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.


***


For more information on these stories, visit:

https://dailyhodl.com/2021/10/18/payments-giant-square-considers-building-bitcoin-mining-system-according-to-ceo-jack-dorsey/

https://cryptopotato.com/bitcoin-to-reach-250k-in-5-years-says-morgan-creeks-mark-yusko/

https://news.bitcoin.com/brazil-have-bought-over-4-billion-in-cryptocurrency-this-year/

https://decrypt.co/83846/first-bitcoin-futures-etf-trades-nearly-1-billion-one-day

https://bitcoinmagazine.com/markets/bitcoin-swiss-franc-becomes-13th-largest-currency

https://decrypt.co/83913/bitcoin-is-preferred-inflation-hedge-over-gold-paul-tudor-jones

https://www.theblockcrypto.com/linked/121503/vaneck-looks-to-be-second-issuer-to-list-a-bitcoin-futures-based-etf

https://www.theblockcrypto.com/linked/121392/budget-airline-volaris-to-accept-bitcoin-payments-in-el-salvador

https://news.bitcoin.com/russia-considers-partially-replacing-dollar-reserves-with-digital-assets-in-future/

https://cryptopotato.com/2-2t-asset-manager-pimco-is-starting-to-trade-in-cryptocurrencies-said-cio

https://www.newsbtc.com/news/bitcoin/peter-thiel-underinvested-in-bitcoin/

https://news.bitcoin.com/sources-say-valkyrie-bitcoin-strategy-etf-set-to-launch-on-nasdaq-this-week

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