);)
surged about 3% on the 29th, breaking $70,000 again after June, buoyed by inflows into physical exchange-traded funds (ETFs) in the US. The sharp rise in is attributed to net inflows of about $920 million through physical ETFs in the fourth week of October. physical ETFs in the US recorded cumulative net inflows of about $25.4 billion.
2. VanEck "Bitcoin to reach $3 million by 2050"
Asset manager VanEck argued in a report released on the 28th that could play an important role in international trade by 2030 and be adopted as a reserve asset by central banks, with a price of around $3 million per coin. VanEck explained that if global central banks hold 2% of their reserves in , the price of could reach $3 million per coin under this scenario.
3. SEC Chairman Gensler publicly criticized on Bloomberg TV
Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), faced public criticism during a Bloomberg TV interview on the 28th. The Bloomberg interviewer asked Gensler, "If former President Trump is elected, he will fire you. What do you think about that?" Gensler calmly did not answer the question.
Reporter Kwon Seung-won ksw@
