Bitcoin Price Prediction: BTC Rises to $44,050, Coinbase Expands, and Musk’s 2024 Financial Plans
Bitcoin, the pioneering cryptocurrency, has surged to $44,050, marking over 1.4% increase and signaling a buoyant phase for the crypto industry. This upswing coincides with Coinbase’s strategic expansion, as the company secures a crypto license in France, indicating a broader global outreach. Meanwhile, tech maverick Elon Musk has announced plans for ‘X’ to delve into financial services by mid-2024, potentially reshaping the fintech landscape.
In the political arena, Senator Warren’s proposed ‘Bitcoin Ban Bill’ is facing pushback, notably from John Lennon’s son, sparking a debate on the regulation and future of cryptocurrencies.
On Thursday, Coinbase Global, a leading cryptocurrency exchange, successfully registered with the French markets regulator, AMF. This marks an important step in its global expansion strategy, termed “Go Deep, Go Broad.” With the approval as a Virtual Asset Service Provider (VASP), Coinbase can now offer its full range of retail, institutional, and ecosystem products and services to users in France.
Coinbase secures crypto license in France amid broader global push https://t.co/sE8CBxCElc pic.twitter.com/TtxhEago73
— Reuters (@Reuters) December 21, 2023
Daniel Seifert, Vice President and Regional Managing Director for EMEA at Coinbase, stressed the significance of VASP certification in facilitating global expansion while ensuring the security of consumers’ funds and emphasizing compliance.
Coinbase’s continued efforts to expand in European markets include recent initiatives in Italy, Spain, and France. The news of Coinbase’s regulatory approval may have contributed to the recent gains in BTC price.
Elon Musk, CEO of ‘X’, has announced plans to launch X payments around mid-2024, in a recent conversation
