Analyst explains catalysts of next Bitcoin bull run
Popular cryptocurrency analyst CryptosRUs outlined several potential catalysts for the next Bitcoin bull run in a video published on Oct. 23. He pointed to recent comments made by BlackRock CEO Larry Fink, who described cryptocurrencies like Bitcoin (BTC) as a “flight to quality” amid global uncertainty. You might also like: Crypto demand evident amid ETF fake news, BlackRock CEO says CryptosRUs agreed with this assessment, stating that smart investors are turning to Bitcoin as a hedge against inflation and a lack of trust in governments and central banks. The prospect of the first Bitcoin spot ETF approval was highlighted as another potential catalyst . CryptosRUs speculated that Grayscale’s recent application could receive approval within the next month, paving the way for other asset managers like BlackRock and Fidelity. You might also like: Grayscale makes new attempt for spot bitcoin ETF approval Historically, the analyst noted November ...