Bitcoin Smashes Records: The Dawn of Web 3 Expansion Has Arrived
- With (BTC) hitting an all-time high last night, some have suggested that the opportunity to expand the Web3 ecosystem will begin now.
- Ben El Baz, Global Director of Hashiki, said in a statement on the 30th (local time), “Bitcoin has finally surpassed its all-time high after months of correction and...
- In addition, he emphasized that there remain many factors that will support Bitcoin's strength in the future, such as Microsoft's proposal to purchase Bitcoin, the steady inflow of...
With (BTC) hitting an all-time high last night, some have suggested that the opportunity to expand the Web3 ecosystem will begin now.
Ben El Baz, Global Director of Hashiki, said in a statement on the 30th (local time), “Bitcoin has finally surpassed its all-time high after months of correction and decline. This rise is due to the easing of the U.S. Federal Reserve, the Bank of Japan, and China. “Many factors, including cycles, contributed to Bitcoin’s upward trend,” he explained.
In addition, he emphasized that there remain many factors that will support Bitcoin’s strength in the future, such as Microsoft’s proposal to purchase Bitcoin, the steady inflow of institutional funds, and the US presidential election.
Ben El Baz said, “The possibility of Microsoft purchasing Bitcoin has been raised, and the inflow of funds from spot Bitcoin ETFs by U.S. institutions is also supporting the upward trend. In the future, major events such as the U.S. presidential election, the Federal Reserve’s interest rate decision, and employment reports are expected to strengthen the market. “It will continue,” he predicted.
He also had a positive outlook on the US presidential election. He said, “No matter who wins the U.S. presidential election, both parties will have a positive impact on the Web3 technology revolution. The volatility and opportunities of Web3 are just beginning.”