Bitcoin mainstream? Barron’s Magazine seems to think so.  #Bitcoin Goes Mainstream. pic.twitter.com/SIfrSj5NQc — Michael Saylor?? (@saylor) October 23, 2021 The latest cover of Barron’s magazine features the headline “Bitcoin Goes Mainstream.” It’s a pretty bullish headline from a traditional investing magazine. Recommended: SEC QUIETLY APPROVES ANOTHER ETF ON A FRIDAY “Goes mainstream” is in reference […] The post Has Bitcoin Gone Mainstream? appeared first on CryptosRus.

Has Bitcoin Gone Mainstream?

Bitcoin mainstream? Barron’s Magazine seems to think so. 

The latest cover of Barron’s magazine features the headline “Bitcoin Goes Mainstream.” It’s a pretty bullish headline from a traditional investing magazine.

Recommended: SEC QUIETLY APPROVES ANOTHER ETF ON A FRIDAY

  • “Goes mainstream” is in reference to the recently launched ProShares ETF, the first of its kind. It’s an interesting idea. Especially considering all the FUD going in about how a futures ETF was too esoteric for retail.
  • Daren Fonda and Avi Salzman think no-coiners are feeling the FOMO: “Stock investors may be feeling a tad jealous of their crypto cousins. Bitcoin, the largest cryptocurrency, blew past its record high this past week, reaching new heights around $67,000, up 50% since Sept. 30. Bulls now see a path to $100,000.”
  • Barron’s Magazine has a subscriber base of over 900k. That’s digital and print combined.
  • This is the fourth time Bitcoin has graced the cover of Barron’s magazine. BTC appeared on the magazine’s cover twice in 2017, and once earlier this year.
  • Bitcoin has fallen since reaching its new all-time high of 67k on October 20th. It’s currently trading in the 61k range. The new all-time high was likely on the strength of the ProShares ETF debut, which set a 2 day record for volume. 

 

 

 

 

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