- Bullish waves come in to wash away FUD sentiment.
- Jack Dorsey says Block will buy Bitcoin every month.
- This paired with other bullish announcements start a new wave of bullish sentiment.
Following the last couple of days of FUD sentiment in the crypto market, it looks like bullish signs are bringing back hope to a grief-stricken crypto community. Of many bullish conversations in the industry, one in particular stands out.
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Jack Dorsey, co-founder and former CEO of Twitter, now chairperson of Block says that Block will buy Bitcoin (BTC) every month. Additionally, he says that it will do so with 10% of its gross profit from BTC products.
The crypto community is excited to see another popular company with a level-headed leader take after another prominent figure whose company is always buying Bitcoin, Michael Saylor and MicroStrategy.
Indeed, this is very bullish news for the crypto community. Some comments to the announcement says that all companies should put at least 10% of their inflated money into Bitcoin to further help the economy.
Meanwhile, other significant reveals for the crypto market is ushering more bullish ways to the sector. For instance, the latest news from Hong Kong about launching Bitcoin and Ethereum ETFs are on track.
Specifically, one crypto trader shares that both Bitcoin and Ethereum ETFs saw massive inflows of $292 million on its first day alone. To break it down, Bitcoin ETFs got 85% and Ethereum ETFs took 15%.
The same trader also highlights bullish moves made by BlackRock. He says the head of BlackRock’s digital asset, Robert Mitchnick has said in an interview that sovereign wealth funds, pension funds, and endowments will all begin trading Bitcoin ETHFs in the following months.
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