It's the talk of the town.
The SEC has officially approved Bitcoin ETFs, which means exchange traded funds can now track Bitcoin.
ETFs enable folks to invest in a certain asset without directly buying it; also making it easier for Bitcoin to be traded on stock exchanges.
Bitcoin’s Jupiter-Uranus History
The major world transit for 2024 is the Jupiter-Uranus conjunction (0º). Jupiter signifies growth, abundance, and excess, while Uranus symbolizes innovation, freedom, and instability. The last time Jupiter and Uranus were in this exact configuration was in 2010. Bitcoin, which came into birth in 2009, had a major growth moment
Somya Thakker Desai
Jupiter symbolizes expansion and Uranus expresses acceleration.
Generally, Jupiter-Uranus periods seem to correlate with bullish behavior.
All of Bitcoin's previous major successes
- First use case in 2009 with pizza delivery
- First price peak in 2013
- Second price peak in 2017
- All time high in 2021, and El Salvador becoming the first country to adopt it as legal tender
have correlated with Jupiter-Uranus transits.
Thus, this ETF approval is yet another Jupiter-Uranus win for Bitcoin.
The current transit will peak in April and come to a close in September.