Bitcoin reached a new rise all the time (ATH) of $ 112,000, after a fixed climb that started on June 22, when Bitcoin was trading near $ 98,000.
In conjunction with BTC’s ATH, ISHares Bitcoin Trust closed from Blackrock today with a new $ 63.58. IBIT now has more than 700000 BTC, more than 3.33 % of the total bitcoin supply. According to Bloomberg, IBIT generates annual fee revenues more than S&P 500 ETF (IVV). Although she is only 18 months old, ETF of $ 75 billion earns an estimated $ 187.2 million annually, exceeding $ 187.1 million that IVV received.
In 2021, El Salvador became the first country to invest in Bitcoin, and it now has more than 6232 years in the Treasury. After ATH Bitcoin today, Bitcoin reserves in El Salvador amounted to $ 400 million in unveiled gains after years of fixed accumulation. On November 16, 2022, President El Salvador Nayeb Bokil Declare The country will start buying 1 BTC daily, “until Bitcoin cannot be tolerated with Fiat currencies.”
The price procedure also reflects the increasing demand from companies that buy more bitcoin. Earlier this month, UK, Smarter Web Company more BTC holders to 1000 BTC. Likewise, American technology companies have accumulated significantly, as Nasdaq in the list of many companies has transferred part of their cash reserves into Bitcoin.
“I am looking to work with our advisers on evaluating the event, and then we can then inspire other UK companies to adapt a similar mechanism, as we have seen with our pioneering approach to the Treasury Department using Bitcoin,” said the CEO of the most intelligent Web and Andrew Webli.
Only last month, the CEO of the strategy, Michael Sailor, said in an interview with Bloomberg: “Winter is no longer. We are at that point. If Bitcoin is not zero, it will reach one million dollars. Bitcoin has got the most dangerous period.”
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