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BlackRock and Invesco_s ETF Initiatives Ignite Bitcoin Surge Surpassing $30,000
Bitcoin breaks $30,000 barrier after BlackRock_s groundbreaking move!" The world_s largest cryptocurrency soared to new heights, surpassing $30,000 for the first time since April 19. BlackRock, the asset management giant, recently filed for a spot Bitcoin ETF in the U.S., marking a pivotal moment for digital currencies. Despite initial skepticism, this filing has signaled strong interest from major financial institutions. Bitcoin is currently trading at $30,111 on Bitstamp, solidifying its position as the top cryptocurrency. With a market cap of $584 billion, Bitcoin continues to captivate the world. Ethereum (ETH) Setting Up for Big Bull Run for Rest of the Year, According to Top Trader – Here’s His Outlook
A crypto trader who nailed Bitcoin’s (BTC) bear market bottom in 2018 believes that Ethereum (ETH) looks poised for a monster rally in the coming months.
Pseudonymous analyst Bluntz tells his 223,300 Twitter followers that Ethereum has likely concluded its corrective period on the high timeframe and is gearing up for a major breakout that could end its bear market.
According to the crypto strategist, the rest of 2023 could set up Ethereum for a parabolic advance that would allow the leading smart contract platform to significantly outperform BTC.
“The rest of this year is looking like it’s setting up for another bull run, in my opinion. ETH has a beautiful basing structure on the USD pair and its BTC pair also has very nice early signs of reversal on high timeframes. I am expecting ETH to outperform BTC.” Bluntz is a veteran practitioner of the Elliott Wave theory, an advanced technical analysis approach that attempts to predict future price action by following crowd psychology that tends to manifest in waves. According to the theory, a bullish asset witnesses a five-wave rally, with wave three signaling the steepest ascent.
Looking at Bluntz’s charts, he suggests that Ethereum is already in the early stages of a wave-three surge that could send ETH to close to $4,000 before 2023 expires.
As for his Ethereum versus Bitcoin (ETH/BTC) outlook, he appears to predict that the pair could surge to as high as 0.09 BTC worth $2,750.
At time of writing, ETH is trading for $1,920.
#GateioTurns10##ContentStar##BountyCreator# BITCOIN NEEDS TO CHANGE FOR ITS ETHOS TO SCALE
Bitcoin ossification is often championed by its users, but for the power of self custody to truly help the world, we must be open to change.
Bitcoin needs to change! In the realm of Bitcoin heresy, before you prepare to hang me from the gallows for that statement, permit me to express my final thoughts. Allow me to provide a brief introduction — I am not a galaxy-brained, shadowy super coder. I must admit to my relative ignorance in the fields of computer science and cryptography. I do not work within the Bitcoin industry. Instead, I am an ordinary pleb, toiling away in construction to make ends meet, striving to maintain humility and gain a comprehensive understanding of the true nature of Bitcoin. So, why do I say that Bitcoin must change?
Let us commence by reflecting upon the adage, "Not your keys, not your coins," which resounds as one of the loudest mantras in the Bitcoin community, and rightfully so. When your private keys are held by a centralized exchange or custodian on your behalf, you effectively surrender control over your funds. This situation introduces counterparty risk, as you become reliant on the security practices and integrity of the third party entrusted with your keys.
The philosophy underlying "not your keys, not your coins" aligns with the broader principles of decentralization and censorship resistance. These principles seek to empower individuals with financial sovereignty and eliminate the necessity for intermediaries. It underscores the significance of personal responsibility, security and self-reliance in this digital era where governments increasingly employ technology as a tool for controlling individuals.
Now, you may ask, what is the issue at hand? Well, the truth of the matter is that, under the current implementation of the Bitcoin protocol, self custody does not scale. Many Bitcoin enthusiasts choose not to critically analyze this reality. However, we cannot ignore the consequences of ignoring reality.
Recently, the BRC-20 minting issue thrust this challenge into the spotlight within the community. The event triggered an explosion in the base layer fee market, resulting in exorbitant costs to confirm transactions. Regardless of your opinion on BRC-20, the incident provided us with a glimpse of the future if the network continues to expand. Try to envision, in all honesty, the exacerbation of this situation with 8 billion users. As activist Anita Posch pointed out in this tweet, custodial solutions would become the only means of onboarding new network participants. While there are federated protocols aiming to disintermediate custodial risk by spreading it among multiple custodians, this solution remains fundamentally different from self custody. 
