Now, Bitcoin arrived with the new bullish cycle to US $ 60,000, so the little girl’s holding was transformed into a gain of more than 6,000%.
The year 2017 was the last chance for investors to buy Bitcoin for less than $ 1,000, a fact Canhada was unaware of at the time.
Children make fortunes with cryptocurrencies
It is not the only known case of children linked to the world of cryptocurrencies. Brothers Ishaan and Aanya Thakur, 14 and 9, were encouraged by their parents, started mining cryptocurrencies this year and are earning more than $ 32,000.
In July, a 12-year-old boy made $ 160,000 selling his NFT collection “Weird Whales,” a series of images with colorful pixelized whale designs minted in the form of NFTs on the Ethereum network.
How is the cryptocurrency market
Bitcoin, the main digital currency in the world, is trading above $ 60,000 after investors bet that the United States Securities and Exchange Commission (SEC) approves the first Exchange-traded cryptocurrency futures fund.
In this way, bitcoin reached unrecorded highs since May, appreciating 40% during the last month, and is close to its record of US $ 64,870 reached six months ago.
Buyers hope that this new financial product – commonly referred to as ETFs – will allow more traditional financial players to participate in the market.
The approval of an instrument linked to bitcoin in a regular market would allow cryptocurrencies to expand to a wider audience, and would be seen as a milestone for market promoters, who have long sought greater acceptance on Wall Street.
There are currently about 40 requests for bitcoin ETFs and, according to sources consulted by the agency Bloomberg, it is expected that there will be no objections for one of them (the ProShares ETF) to debut on the New York Stock Exchange next Tuesday, and then make the same other four.
Since 2013, the US Securities and Exchange Commission (SEC) has consistently rejected multiple applications to create these publicly traded funds that replicate the price of bitcoin.
But the regulator could approve the launch of these products next week, according to Bloomberg, which cites sources close to the matter.
On its Twitter account, the SEC wrote Thursday night: “Before investing in a fund that has futures contracts on bitcoin, make sure you have weighed the risks and the benefits,” a message seen by crypto enthusiasts. as a sign that the funds will be accepted soon.
“This is a key moment for cryptocurrencies,” said Walid Koudmani, an analyst at XTB.
“In the long term, this is important news as it indicates that the authorities are accepting the idea of people owning crypto assets,” Charlie Erith, head of cryptocurrency manager ByteTree Asset Management, told AFP.
Regulators remain ambivalent about a decentralized and dematerialized sector, created from scratch by anonymous people 13 years ago.
In China, for example, the authorities have completely banned bitcoin exchange platforms. And the authorities in Europe and the United States are not much more enthusiastic about it.
The SEC has repeatedly called the cryptocurrency sector the “Old West,” and across the Atlantic, Bank of England (BoE) Deputy Governor Jon Cunliffe has said there is an “urgent need” to work. in international regulation.
Although the British institution does not see at the moment a greater risk that a cryptocurrency crisis spreads to the rest of the market, it noted that, with a size of more than 2.3 trillion dollars, the market is now larger than the market of subprime or subprime mortgages in 2008 ($ 1.2 trillion), the collapse of which sparked a global financial crisis.
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