Many things are going on with\u00a0Bitcoin\u00a0lately. From Elon Musk to Guggenheim Partners, all have eyes on the digital gold.\r\n\r\nThe leading cryptocurrency, Bitcoin, is trending more than before on social media. The hype began with the\u00a0Elon Musk\u00a0changing his bio on his\u00a0Twitter\u00a0account to \u201c#bitcoin\u201d and later talking about Bitcoin on\u00a0Clubhouse. The impact of him is very high on the markets. As Elon Musk said, \u201cBitcoin is on the verge of getting broad acceptance from conventional finance people.\u201d If Bitcoin gets wide acceptance, then the price will skyrocket. After the bull run, the price of Bitcoin is\u00a0$36,266\u00a0and consolidates above\u00a0$36,000. Bitcoin went up to $36,800 but could not pass the $37,000 level. In the next few days, Bitcoin will test those resistance levels if it can break, then it will possibly reach $40k.\r\n\r\n\r\nGuggenheim CIO on Bitcoin\r\nGuggenheim CIO,\u00a0Scott Minerd, talked about cryptocurrencies on CNN. During his interview with Julia Chatterley, Scott Minerd mentioned the success of Bitcoin and explained his thoughts about the future price on\u00a02nd February. He elaborated that they did not do any fundamental research about Bitcoin, but given the limited supply of Bitcoin, they can think about higher price than it is now.\u00a0\r\n\u201cWe did a lot of fundamental research, and if you consider the supply of Bitcoin relative, let us say, to the supply of gold in the world, and what the total value is, if Bitcoin were to go to this kind of numbers, you should be talking about\u00a0$400,000\u00a0to\u00a0$600,000\u00a0per Bitcoin.\u201d\r\nConsidering the $400,000 and $600,000 per Bitcoin is very high, Minerd believes that there are \u201ca lot of room to run.\u201d It is worth mentioning that in back November, Guggenheim filed with the SEC to invest in Bitcoin with the help of Grayscale. Finally, the financial investment firm can invest in Bitcoin beginning 31st January.\r\nCanadian Firm to List Bitcoin ETF\r\nThe Canadian investment firm, Accelerate Financial Technologies filed and obtained a receipt for a preliminary prospectus with the Canadian securities regulators for\u00a0Accelerate Bitcoin ETF. The company announced the news through its website. Accelerate has applied to Toronto Security Exchange to list Accelerate Bitcoin ETF with the ticker of\u00a0ABTC. ABTC will offer US and Canadian dollar-denominated units with a\u00a00.70% fee. Toronto Security Exchange has not approved the listing.\u00a0\r\n\r\nAccelerate Financial Technologies is one of the innovative and fastest-growing alternative investment solution companies in Canada. Founder and CEO of Accelerate, Julian Klymochko, said, \u201cGiven Bitcoin\u2019s historical track record and future potential, along with its portfolio diversification properties, we are looking forward to offering investors exposure to the asset class in an easy-to-use, low-cost ETF.\u201d If TSE lists Bitcoin ETF, then it will be a chance for institutions to diversify their investments.\r\n\r\n#coinsfera #cryptonews #cryptocurrency #buybitcoinistanbul #buybitcoindubai #buybitcoinkosovo #buybitcoinwithcash #sellbitcoinwithcash #buybitcoin #sellbitcoin\r\n\r\nDisclaimer: All information provided in the content is for informational purposes only and should not perceive as an investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.