GM Explorer,

Cathie Wood, the CEO of Ark Invest, just made some pretty bold predictions about Bitcoin!

This is the Crypto Explorer, your crypto tour guide.

Here’s what we got for you today:

• 🤔 Is Bitcoin's bullish run far from over?

• 😱 The ripple effects of Bitcoin mining in Texas!

• 🧱 Around The Block: CFTC shares ruling on Bitcoin and Ether as commodities.

🤔 Is Bitcoin's Bullish Run Far From Over?

Bitcoin's recent dip has sparked a lot of chatter across the board. The big question on everyone's mind is whether the bull run is coming to an end.

Here's something interesting: Cathie Wood, the CEO of Ark Invest and a huge crypto fan, thinks we're only halfway through Bitcoin's bull market.

Plus, she's got some strong reasons to support her bold claim!

In a chat with tech entrepreneur Peter Diamonds, Wood pointed out that Bitcoin's price usually surges toward the end of a bull cycle.

She's banking on the increasing institutional interest, especially in Bitcoin Spot ETFs, to be a potential game-changer.

According to Wood, banking giants like Morgan Stanley and Bank of America are seriously considering buying Bitcoin. If they make the leap, others will likely follow suit, ultimately giving Bitcoin a significant boost.

Wood even predicts that Bitcoin could hit a mind-blowing $1.5 million by 2030!

Of course, some skeptics think Wood might just be trying to drum up more interest.

Our advice?

Do your homework before making any significant investment moves. Just because she's an investment expert doesn't mean she's always right!

You can read the full story here.

 😱 The Ripple Effects of Bitcoin Mining in Texas!

Today, we’re diving into how Bitcoin mining is causing headaches in Texas, quite literally!

Bitcoin mining requires a lot of electricity, and Texas, with its low taxes and deregulated energy market, is a prime spot for Bitcoin mining facilities.

Texas is home to 10 of 34 large Bitcoin mines, but these facilities might be causing more harm than good to local residents.

Take nurse Cheryl Shadden from Granbury, for example. She lives next to a massive 300-megawatt Bitcoin mining facility and has been suffering from constant noise pollution and health issues.

Her poor dogs are also feeling the effects, with some pulling out their own fur due to the facility's nonstop operation.

The problem doesn't stop there— the increase in electricity demand could potentially lead to higher utility costs for Texans, and state lawmakers are concerned that these energy-intensive mines could strain the power grid, especially during extreme weather conditions.

But Bitcoin advocates think otherwise.

They claim many mines operate at full capacity during low-demand nighttime hours and power down during peak times, such as hot summer afternoons or chilly winter snaps.

And as for the noise complaints, they argue there's a plan in motion to address that.

This plan includes shutting off fans when computers are not in use and transitioning to liquid cooling to reduce noise levels from the mining operations.

You can check out the full article here—It’s packed with a lot of info!

🧱 Around The Block:

• CFTC shares ruling on Bitcoin and Ether as commodities.

• CoinStats Transfers Nearly $1 Million Ethereum to Tornado Cash.

• Positive flow continues in Bitcoin ETFs! Here are the details.

• A single FTX bankruptcy attorney is bringing in 125x Caitlin Clark's salary.

• Bitcoin dominance delays Altcoin season: What history tells us.

• A woman allegedly offered Bitcoin for murder.

• Ethereum ETFs ‘close to the finish line’ – Bitwise exec.

• After Donald Trump, another Senator announced that he accepts Bitcoin (BTC) and Altcoin donations!

That's all we've got for you today.

Please don't forget to rate today's email and let us know what you like about it.

In any case, see you tomorrow, or on Twitter, if you're there: @danielakpobare

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be NEW”