Why is Bitcoin Up & Bitcoin Price Prediction | Benzinga Powerball

On Benzinga's Powerball, Hot Stocks Luke talks about The Disaster of the Day, The Wild Winner of the Day, and puts out a Hot Stock Pick! Takeaways: -The launch of the Bitcoin ETF and record inflows into the ETF have contributed to the recent surge in Bitcoin's price. -Bitcoin serves as a counterweight to global liquidity and can absorb excess liquidity created by central governments and fiat printing. -The guest is bullish on Bitcoin in the short term and extremely bullish in the long term, citing its limited supply and potential for significant price increases. -Other assets of interest include Ethereum, Solana, and BitTensor, an AI crypto. Chapters: 00:00 Introduction and Bitcoin's High 01:31 Reasons for Bitcoin's Increase 03:25 Bitcoin as a Counterweight to Global Liquidity 04:28 Short-term and Long-term Bullish Outlook 05:53 Other Assets of Interest 07:44 Crypto as an Off Ramp for the Legacy Financial System 08:37 Long-term Bullish Outlook on Crypto _____________________________________________________________________ Host: Luke Jacobi https://www.twitter.com/LukeJacobi _____________________________________________________________________ Check out www.benzinga.com for complete coverage along with all the latest financial news and data! PRO TOOLS: pro.benzinga.com Free 2 week trial, no credit card required GET 25% OFF BENZINGA PRO https://benzinga.grsm.io/benzingalive🙌 Follow us Online! Instagram: www.instagram.com/benzinga Facebook: www.facebook.com/Benzinga TikTok: www.tiktok.com/@benzinga Twitter: twitter.com/Benzinga Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, futures, and crypto is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions. #Benzinga #HotPick #WildWinner