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The post Why Bitcoin Analyst and Influencer PlanB Convert His Bitcoin Into ETFs? appeared first on Coinpedia Fintech News Popular Bitcoin analyst and influencer PlanB recently revealed that he has moved his Bitcoin holdings into ETFs, citing practical reasons for the decision. In a recent social media post, PlanB explained that managing Bitcoin via ETFs is simpler and less stressful than handling private keys, offering a more convenient solution for him. “I have transferred my Bitcoin to ETFs,” PlanB said, acknowledging the common cryptocurrency saying, “not your keys, not your coins.” However, he explained that for him, using ETFs makes managing Bitcoin more similar to managing traditional assets like stocks and bonds. The well-known analyst also expressed his surprise at the level of controversy surrounding the use of ETFs, stating, “I honestly didn’t know ETFs were so controversial. In my view, ETFs are a logical step in Bitcoin adoption, just as holding your own keys is.” Disclosure I have transferred my bitcoin to ETFs.Yes I know, not your keys not your coins. But it is just easier for me to manage bitcoin the same way as equities and bonds. Also, not having to hassle with keys gives me peace of mind. I guess I am not a maxi anymore. — PlanB (@100trillionUSD) February 15, 2025 ETFs and Bitcoin Adoption: A New Era For PlanB, the shift from holding physical Bitcoin to using ETFs represents a practical evolution in how people can interact with Bitcoin as it becomes more mainstream. He believes that ETFs offer a less complex alternative while still enabling exposure to Bitcoin’s potential value. As Bitcoin continues to grow in popularity, he sees ETFs as part of its broader adoption—offering an easier, more manageable way for investors to engage with the asset without dealing with the complexities of private key storage. Tax Implications and Considerations When asked about how he was able to make this move without triggering a tax event, PlanB clarified the tax system in the Netherlands, where he resides. He explained that the country does not have a capital gains tax on realized profits. Instead, it has an unrealized capital gains tax, also referred to as a wealth tax, which assumes a standard 6% return on a person’s entire wealth. This means that, rather than taxing profits on specific assets, the government taxes a percentage of a person’s overall net wealth, which for PlanB amounts to about 2% annually. This system, he noted, allows him to make transactions without the worry of paying taxes on any realized capital gains, as long as he does not sell his assets in a taxable event.

The post XRP Price Prediction: Will XRP Price Rise Above $3 or Remain Within a Range Bound This Weekend? appeared first on Coinpedia Fintech News In the past few months, the XRP price has displayed huge bullish momentum after breaking out of the prolonged consolidation. In the times when the token was speculated to be dead, it underwent a 500% jump followed by a 30% correction. Meanwhile, the price has triggered a strong recovery after encountering a bearish start to the month, which hints towards a reversal is fast approaching. In a recent update, the SEC acknowledged the filing for the 21Shares spot XRP ETF, highlighting the growing institutional interest in the third largest token amid the regulatory development. As a result, the XRP price experienced a 10% surge influenced by ETF approval news and increased utility via real-world assets on the XRP ledger. Now that the SEC is reviewing Grayscale’s proposals for XRP & DOGE ETFs, will this news push the token above $3.2? XRP Price Analysis: Will XRP Price Reclaim $3? The XRP price has increased by over 15% in the last seven days, rising from $2.30 to $2.80, while a breakout from the upper range was required to continue to maintain a strong upswing. The price marked daily highs above the range but failed to sustain displaying the weakness among the bulls, which may raise some concerns but only in the short term. As per a popular analyst, ALI, the price may undergo a small correction in the short term as the TD sequential indicator flashes a sell signal after a 22% price surge. In the short term, the XRP price is struggling hard to rise above $2.8 and as the bullish strength appears to have faded, the token may drop to the support, which acted as a strong resistance before. Besides, the stochastic RSI is also decremental, which supports a bearish narrative. Hence, a small pullback to $2.5 seems to be imminent during the upcoming weekend. The SEC’s consideration of the XRP ETF marks a significant milestone in Ripple’s legal journey, potentially boosting adoption and institutional attention. On the other hand, many experts predict XRP may soon replace Ethereum in the coming days, as the latter is struggling due to inflation and centralization. Hence, making XRP a strong contender to be the second-largest token after Bitcoin. Therefore, the future outlook of XRP remains bullish regardless of the interim shortfalls.

The cryptocurrency market is witnessing the delayed arrival of an altcoin boom in the current bull cycle. Crypto exchange and derivatives trading platform Bybit has released a joint report with the market research firm Block Scholes, detailing factors that may have delayed the altcoin season and those that are likely to trigger the boom in the coming months. According to the report, potential catalysts for the next altseason include rising institutional involvement in altcoins, Ethereum outperforming Bitcoin, sustained retail interest in meme coins, and increased profit-taking among Bitcoin holders. A Delayed Altseason During such market periods, altcoins outperform major crypto assets, especially bitcoin (BTC). There is always capital rotation from BTC into smaller and riskier projects, leading to significant rallies in the value of these cryptocurrencies. Bybit said the market has seen this trend in the past three bull runs, especially in 2017 and 2021. In those times, the prices of cryptocurrencies other than BTC hit new all-time highs (ATHs). “However, one must also recognize that altseason often precedes the end of a bull run, as profit taking from large-cap tokens leads to a market correction,” Bybit noted. Investors have been anticipating an altseason in this bull run, but this cycle appears to be different. BTC continues to reach new ATHs and is dominating the market, a dynamic that is contrary to previous patterns where the asset’s dominance declines during altseason. In the past, Bitcoin’s dominance has declined approximately 230 days post-halving; however, the last halving did not trigger the expected plunge, suggesting that market behavior may have experienced a structural change. Bybit says there are several factors contributing to the state of the crypto market, and one of them is the increased institutional adoption of Bitcoin via spot exchange-traded funds (ETFs). Another factor is Ethereum’s underperformance relative to Bitcoin and other major altcoins like Solana. Traders are now doubting ether’s (ETH) capacity to lead the market into an altseason. Wen Altseason? The crypto exchange further outlined factors that could influence the onset and nature of the next altseason. For starters, BTC holders have to increase their profit-taking. This could trigger a market correction that would, in turn, lead to capital rotation into altcoins. Then, Ethereum should experience significant recovery, regain its footing, and reclaim its status as a market leader. In addition, investors need to increasingly engage with meme coins and less mainstream altcoins for the next altseason to emerge. Also, institutional interest in altcoins needs to surge; this will likely happen soon because U.S. regulatory agencies are currently reviewing applications for several altcoin ETFs. The post These Factors Could Trigger the Next Altcoin Season, According to Bybit appeared first on CryptoPotato.

Matt Hougan, Chief Investment Officer at Bitwise Asset Management, believes the current state of the crypto market presents a major opportunity for investors. “I smell opportunity. There is a fascinating dichotomy in crypto right now between institutional and retail investors,” he stated earlier this week. While retail sentiment is at historic lows, institutions are aggressively investing in bitcoin, Hougan explained, emphasizing: Institutional sentiment towards crypto is the most bullish I’ve ever seen. He pointed to record inflows into bitcoin exchange-traded funds (ETFs) and a dramatic shift in Washington’s stance toward crypto. “When investment professionals look at crypto today, they see this: Institutional capital is allocating to the space in record amounts via ETFs, and Washington has gone from being one of crypto’s biggest threats to one of its biggest champions,” the Bitwise executive detailed. With increasing demand and limited new supply, Hougan sees strong upward pressure on BTC prices. He opined: It doesn’t take a genius to think that, over time, this supply/demand dynamic will drive prices to new all-time highs. Despite bitcoin’s 95% rise over the past year, retail investors remain discouraged due to the underperformance of altcoins, Hougan described. He believes this negativity is misplaced, stating: “Things we only dreamed of a year ago—like nation-states adopting strategic bitcoin reserves—now seem somewhere between possible and imminent. And the biggest risks to crypto, like government bans or legal threats to software developers, are distant nightmares.” He argues that now is a prime moment to invest, stating: From a risk-adjusted perspective, it is arguably the best time in history to invest in crypto. While altcoins have struggled, he remains optimistic about their long-term potential, attributing past stagnation to regulatory uncertainty. “But long-term, I think the setup for altcoins is stronger than at any point in history,” the Bitwise investment chief said. Regulatory clarity and institutional acceptance are beginning to reshape the altcoin market. Hougan sees signs of progress in stablecoin growth and major firms embracing blockchain. “Today, the largest institutions in the world feel safe building on crypto, which will bring defi applications to the masses,” Hougan explained. He expects significant expansion in the altcoin sector soon. “In a year or two, my guess is that you’re not going to have to squint to see the transformation in altcoins; the impact will be self-evident. And overwhelming,” he stressed. Given the divergence in sentiment, Hougan sees an opportunity for those willing to look beyond short-term struggles. “Retail sentiment is bad in crypto right now, and to me, that signals opportunity,” he concluded. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

David Sacks, the White House’s crypto czar, provided an update on digital asset coordination in Washington via social media platform X on Feb. 14. He stated: The inter-agency Working Group on Digital Assets is working well together to implement the President’s agenda. Praising the efforts of Bo Hines, the executive director of the group, Sacks described: “Bo Hines is doing a fantastic job as Executive Director keeping everyone coordinated.” He added that “some important announcements are coming soon.” In December 2024, Trump appointed Hines as the executive director of the Presidential Council of Advisers for Digital Assets, commonly referred to as the “Crypto Council.” This council is chaired by Sacks. Hines, a former Republican congressional candidate from North Carolina, is tasked with collaborating with Sacks to promote innovation and growth in the digital assets sector, ensuring industry leaders have the necessary resources to succeed. Sacks’ remarks were in response to a report by Fox Business journalist Eleanor Terrett, who examined concerns about the number of regulatory bodies involved in shaping crypto policy. Terrett noted that despite the presence of multiple entities—including the U.S. Securities and Exchange Commission (SEC) crypto task force, the Commodity Futures Trading Commission (CFTC) pilot program, the Presidential Working Group, and the Bicameral Working Group for Digital Assets—collaboration has been effective. She reported: Surprisingly, there’s a lot of coordination happening. These groups are actually talking to and working with each other. Additionally, she revealed that Hines “recently met with the head of the SEC’s crypto task force Hester Peirce and Acting CFTC Chair Caroline Pham.” Industry representatives, including those from the Blockchain Association and the Chamber of Digital Commerce, have also been involved in discussions covering various regulatory topics, such as staking within exchange-traded funds (ETFs). Some of these members will participate in a CEO forum at the CFTC to discuss “tokenized assets and how stablecoins can act as a form of collateral in futures markets.” Lawmakers have also emphasized the importance of collaboration. Citing Representatives French Hill and Bryan Steil, Terrett noted: House members of the Bicameral Working Group for Digital Assets are working ‘in lockstep’ with their Senate counterparts and the Presidential Working Group on crafting legislation. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。