Bitcoin has increased in value to nearly $38,000 as of Wednesday, its highest valuation in a year - though, for those keeping score, nowhere near its halcyon days of November 2021 when it crested over $65,000 - and one that notches startling gains of more than 38 percent over the past month.
Asset management firm BlackRock - which we should mention is an investor in Futurism's parent company, Recurrent Ventures - had filed for a bitcoin ETF back in June, and then took the first steps towards an ETF for rival cryptocurrency ether earlier this month, which has sparked optimism in the cryptocurrency world after months of low prices.
But facts remain that bitcoin and other cryptocurrencies are incredibly volatile assets, and mining them is still harmful to the environment, despite some efforts to make the process more green.
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