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- BTC price to $1M.
BTC price to $1M.

Get Smarter About Crypto
₿itcoin reached $42,930. +0.04%
♢Ethereum reached $2,357. +0.49%
What we will talk about today...
🤑🚀 BTC price to $1M.
🚀🤔 Cathie Wood Shows the Money Change from Gold to Bitcoin.
🏛️💢 SEC Says New Rules: Fight in the Courts Next.
Bitcoin’s Ride: Will It Get to $1 Million With Bank Trouble?

Bitcoin is back in the light, and this time, the ride is taking us through the changes of the U.S. bank part. As the dirt goes down from last year’s bank problems, a new one, New York Community Bancorp. (NYCB), has come out, making us think of past money bad.
💰 Bitcoin People Hoping Big
In the mess in the U.S. small bank system, Bitcoin people are hoping for a big thing – a $1 million price for BTC. It’s a same time as the sounds of last year’s bank bad say in the market. With Bitcoin people looking at the happening bad, all eyes are on NYCB, a main one in the new crypto bank bad.

🏦 NYCB’s Look Back to 1997
NYCB’s stock worth has gone down, falling by a big 30% in just five days. As Bitcoin groups see the points, Benjamin Cowen, the boss of crypto newsletter Into the Cryptoverse, saw the strange same as NYCB’s 1997 worth. “Investor help at its best,” he says, showing the hard difference to the crypto world’s watch.
BREAKING: New York Community Bank stock, $NYCB, the bank that acquired the collapsed Signature Bank, crashes another 25% today.
The stock is now down a massive 61% in 2024 to its lowest level since June 2000.
Currently, roughly 40% of NYCB's assets are not under FDIC insurance.… twitter.com/i/web/status/1…
— The Kobeissi Letter (@KobeissiLetter)
8:24 PM • Feb 6, 2024
🔄 A Circle Again?
Look back to March 2023, when small banks were falling like a card house. The Federal Reserve came in with the Bank Term Funding Program, making the thing good. Now, Arthur Hayes, the old boss of BitMEX, sees history again. With NYCB’s problems and Moody’s lower, he brings back a strong guess – a $1 million BTC price guess. “From bad to no money, that’s the next. And then more money printer go brrrr,” he says in a big X post.
🌐 Bitcoin’s Good Place With World Bad
As money is not a good shake not just in the U.S. but also in China’s markets, Bitcoin stays the good one on the block. Not moved by world bad, BTC/USD has been moving in a clear daily place for over 150 days. While the world deals with money things, Bitcoin, new from the U.S. spot ETF start, keeps its things close, waiting for the next part in its fun way.

🎢 Get In for the Crypto Ride
The crypto ride is going fast, and Bitcoin’s end is close with the not-sure changes of the money world. Will it get to $1 million? Only time will say as we go through the fun, not sure, and hopes of crypto money. Stay tuned for the next fun part of the Bitcoin story! 🚀🌐💰
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In the always-changing world of money, a new star is going up, and it’s not the normal one. The smart boss of ARK Invest, Cathie Wood, says there’s a big change happening, and it means a new one from the old want of gold to the fun world of Bitcoin.
🚀 Bitcoin’s Go Over Gold
In a new fun video on ARK Invest’s Youtube channel, Cathie Wood goes into the fun way of money people moving from the old love of gold to the strong want of Bitcoin. This move has gone fast, with the start of spot Bitcoin exchange-traded funds (ETFs) being a way for money people to go into the cryptocurrency space.
🌐 A Safe Place With Money Bad
Cathie Wood shows a clear picture of Bitcoin’s strong and big, even when money is bad. Thinking back to March 2023, when the U.S. had a small bank bad, Bitcoin came out as a light of good, going up by 40% as normal money places faced bad. Go to today, a same thing happens, with the small bank thing moving, and again, Bitcoin getting the eye as a “go to safe” thing.
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📈 Bitcoin vs. Gold: The Going Story
Wood shows a good chart, following Bitcoin’s price against the always want of gold. The way is clear – a good, up way showing Bitcoin’s go as a gold other. “There’s now a change into Bitcoin, and we think that is going to go on,” Wood says, saying about a new change in money people’s likes.

🌪️ Going Through the Bad: Bitcoin ETFs and Market Happy
Saying the waves made by the start of spot Bitcoin ETFs, like ARK 21shares Bitcoin ETF, Wood stays strong with market bad. The guessed price down after-start didn’t make her less happy. With a good eye on the numbers, she says that a big part of Bitcoin is in a strong keep way, making trust in its strong.
🔮 ARK’s Crypto Way
ARK Invest’s way in the crypto world goes more than Bitcoin. The place’s smart moves include big money in Coinbase stock (COIN), saying its always trust in the crypto part. Even with changes, ARK keeps millions of Coinbase shares, showing a happy look on the future of cryptocurrencies.
In this going story, Bitcoin takes its place at the front, saying no to the old way. As the money world changes, all eyes are on the digital first, Bitcoin, as it keeps making new the rules of the money game. 🌟📈🚀

In the always-changing story of crypto rules, the United States Securities and Exchange Commission (SEC) has made a new move, and the crypto people are getting ready for a fight. On February 6, the SEC showed a set of rules changing the meanings of “dealer” and “government securities dealer.” But this move has made a bad, and people say a hard legal fight is coming.
🏛️ A Commissioner’s No
SEC Commissioner Hester Pierce, a big one in the crypto world, said her bad. She said that these rules not only made bad those now called dealers but also made dark on the bigger market. Pierce said her no, saying, “This rule makes bad the bigger market. It makes less money move, which means there will be less of it.”
🚨Very important exchange from today's SEC hearing where SEC staff assert that the new broker-dealer rule will make all LPs in AMMs into securities dealers with a registration requirement. Paraphrase of @HesterPeirce 's incisive questioning of staff below: 🚨
Staff:
"AMM is… twitter.com/i/web/status/1…— _gabrielShapir0 (@lex_node)
3:53 PM • Feb 6, 2024
🤷♂️ Saying Dealers: The Hard Point
The main thing is in the meaning of a “dealer.” The new rules could make money movers, having over $50 million, to sign up as securities dealers. This made mad in the crypto people, decentralized finance (DeFi) people, and crypto yes people who had been saying bad since the rules were said in 2022.
🔍 Clear Woes: A Long Issue
People say that the no clear in saying crypto securities has been a always issue. SEC’s try to say money movers as dealers is seen as a bad fit in the old law way. Gabriel Shapiro, Law Help at Delphi Labs, showed the going law fights over thing saying and said that clear is much needed.
🛡️ Law Fights on the Way
As the bad grows, law people say a wave of fights. Bill Hughes, Law Help at Consensys, thinks that the SEC’s new move will face big no in law court. Hughes said the need of clear rules on what crypto things are securities in U.S. law. He said, “You can think many ones to ask law look,” showing the SEC’s not-good work in such cases.
👊 People Mad: A Stay Issue
The mad in the crypto people is clear. Even with years of want for clear rules, the SEC’s no to give clear has made bad. Now, with these rules going for money movers, the fight sides are made, and law people think the SEC’s things could again be under the law look.
As the crypto world gets ready for one more law fight, the light is on Congress to make the clear that the crypto people want. The SEC’s move may have made the place for a law story, but the crypto people stay strong, ready to face whatever bad is next. 🚀🏛️💼
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Stay tuned for more twists and turns in the crypto world & Happy Investing🚀💎