BTC’s $110K Prediction, BlackRock Sees $1.1B Inflow: Hodler’s Digest, Nov. 3 – 9

There’s been a lot of buzz in the world of cryptocurrency this past week, so let’s break it down for you in a way that’s easy to understand.

First off, BlackRock, the world’s largest asset manager, saw a huge surge of over $1 billion flowing into its Bitcoin exchange-traded fund (ETF) in just one day. This happened as Bitcoin reached new all-time highs, hitting $76,943. That’s pretty impressive!

And the State of Michigan Retirement System decided to diversify their investment portfolio by adding exposure to Ether exchange-traded funds (ETFs). They reported holding shares of the Grayscale Ethereum Trust and Ethereum Mini Trust, adding to their existing investment in the ARK 21Shares Bitcoin ETF.

Over in Pakistan, the State Bank announced plans to regulate cryptocurrency and potentially make it legal tender in the country. This is a big step towards recognizing the importance of digital assets.

In some exciting news, Donald Trump was elected as the US president for a second time. Trump has been vocal about his support for cryptocurrency, promising to make the US the “crypto capital of the planet” if he won the presidential election. His victory is seen as a positive sign for the crypto industry.

Speaking of US lawmakers, Cynthia Lummis from Wyoming plans to establish a strategic Bitcoin reserve. With Republicans expected to take control of the Senate, she might have the support she needs to make her plan a reality.

And to wrap things up, let’s talk about crypto prices. Bitcoin is currently sitting around $75,944, Ether at $2,933, and XRP at $0.55. It’s been an eventful week in the world of cryptocurrency, so stay tuned for more updates!

Let’s see what next week has in store for us!