TechCrunch reporter: Valkyrie Joint Venture is 95% confident that the spot Bitcoin ETF will be approved this week
TechCrunch crypto reporter Jacquelyn Melinek revealed on social media that in the latest QA with Valkyrie co-founder and Chief Information Officer Steven McClurg, he expressed 95% confidence that a spot Bitcoin ETF will be approved this week. In addition, Steven McClurg also predicted that $10 billion will flow into Bitcoin ETFs by the end of this year. He believes future crypto futures ETFs may become extinct and predicts that by the end of 2024, the value of Bitcoin will reach $150,000 due to a "supply shock" potentially caused by spot Bitcoin ETFs which could drive up demand.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Deutsche Bank: After the three major central banks hiked rates simultaneously, the market may once again underestimate the terminal interest rate
Deutsche Bank points out that as central banks in the US, Europe, and Japan are tightening policy simultaneously, the market may still be underpricing the eventual terminal rates. With oil prices remaining high, inflation may spill over into core inflation and wages. Moreover, financial conditions have not tightened in tandem, which could weaken the effect of rate hikes. Citing the experience of 2022, Deutsche Bank notes that the market then expected a total of around 200 basis points of Fed rate hikes in the first year, but the final figure exceeded 400 basis points, illustrating that the market often underestimates the terminal rate.
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