The price of one whole Bitcoin (BTC) can deter potential investors who are hesitant to buy only a fraction of the cryptocurrency due to unit bias psychology, which favors owning complete units, according to VanEck adviser Gabor Gurbacs. He suggests that Bitcoin exchange-traded funds (ETF) are a solution to this challenge.

In a series of posts on X (formerly Twitter), Gurbacs stated that many people are still unaware they can own a part of a Bitcoin and suggested there are even more individuals who prefer to own only complete assets:

Furthermore, he reiterates that it seems more appealing to investors to own a whole asset than a fraction.

Owning a full share feels better than owning 0.001 Bitcoin. Seems like a small thing but its a big thing, he stated.

Although Gurbacs recognizes that this debate is not new, he argues that biases represent one of the most valuable tools for understanding markets.

Simplistic but unit bias psychology matters a lot. I think about this a lot, he further added.

Related: BlackRock to slash 3% of workforce ahead of Bitcoin ETF deadline: Report

Meanwhile, the crypto industry is filled with high expectations that the United States Securities and Exchange Commission (SEC) will greenlight a spot Bitcoin ETF in the upcoming week.

However, the broader financial services industry is more skeptical of the chance it will happen.

In a recent survey by Bitwisewith responses from 437 financial advisers, just 39% of U.S. financial advisers anticipate the approval of a Bitcoin ETF in 2024.

Cointelegraph recently reported that the final steps for a spot Bitcoin ETF debut on Wall Street are in progress, with final revisions from asset managers expected by the morning of Jan. 8.

The revisions must be submitted through S-1 filings before the start of business, and applicants are expected to reveal the remaining fees and tickers.

BlackRock has not yet disclosed the fees associated with its ETF.

Magazine: 10 best long reads about crypto in 2023

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Bitcoin ETFs will solve unit bias psychology, says VanEck adviser - Cointelegraph

The worlds largest asset manager, BlackRock, reportedly plans to reduce its global workforce by around 3% in the coming days.

This comes amid BlackRocks expectations of receiving favorable news from the United States Securities and Exchange Commission (SEC) regarding its spot Bitcoin (BTC) exchange-traded fund (ETF) application.

According to a report from Fox Business on Jan. 6, citing people familiar with the matter, around 600 employees will be laid off as part of routine internal adjustments. It will be determined by employee performance over the past 12 months.

Additionally, BlackRock reportedly anticipates the approval of its Bitcoin ETF application on Jan. 10 the same day that the SEC has a deadline toapprove or reject the ARK 21 Shares spot Bitcoin ETF.

However, the SECs deadline for BlackRocks Bitcoin ETF application isnt until Jan. 15.

This comes after a rush of amendment forms were filed with the SEC by spot Bitcoin ETF applicants in recent days.

On Jan. 5, BlackRock submitted a 19b-4 amendment for its spot BTC ETF application.

The filing was made on the same day as other asset managers, including Valkyrie, Grayscale, Bitwise, Hashdex, ARK 21Shares, Invesco Galaxy, Fidelity, Franklin Templeton, VanEck and WisdomTree.

These filings are one of the final steps in the SEC approval process; however, completing S-1 documents is necessary for U.S. exchanges to list shares of investment securities with direct exposure to crypto.

Related: BlackRock, Van Eck, Valkyrie file last-minute Bitcoin ETF amendments

Meanwhile, in December 2023, Cointelegraph reported that BlackRock had made changes to its Bitcoin ETF applicationto make it more accessible for Wall Street banks to participate by creating new shares in the fund with cash instead of just crypto.

The in-kind redemption model will enable major banks to serve as authorized participants for the fund. It will allow them to bypass restrictions preventing the direct holding of Bitcoin or crypto on their balance sheets.

Magazine: TradFi fans ignored Lyn Aldens BTC tip Now she says itll hit 7 figures: X Hall of Flame

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BlackRock to slash 3% of workforce ahead of Bitcoin ETF deadline: Report - Cointelegraph

One of the best resolutions one can make, with regards to food choices in 2024 is that of the production and consumption of organic food items, such that your food becomes your medicine, as the Greek physician, Hippocrates (400 BC) rightly admonished mankind. But then we have to understand what organic food items are, their nutritional benefits to our bodies and the confessions of Dr. Olukemi Oyegbile whose ill health was saved by keying into organic foods. So, what is it really all about?

Organic food, also called ecological or biological food and drinks are produced using natural substances, without the use of synthetic chemicals, or genetically modified components. There is no use of man-made fertilizers, pesticides, growth regulators and livestock feed additives. There is avoidance of all artificial chemicals, hormones and antibiotics. There is mild exposure to heavy metals.

They are fresher, tastier, healthier, with outstanding flavour. They are more nutrient-dense and free of GMOs. And because they are nature-based and chemical-free they are more sustainable and preserve the environment. They promote heart health because they are truly rich in Omega-3 fatty acids, brimming full of vital vitamins and magical minerals. That explains why they are good for digestion and reduce the risk of cancer. They also reduce the risks of allergic diseases as well as reducing the risk of obesity.

All considered, it is interesting to note that the farming methods of our forebears in most parts of Nigeria, nay Africa are organic. They lived close to nature and studied and complied with its laws. They fed on largely natural food items. Are we, therefore, surprised that they lived much longer than we do these days? We should not put the key back into both the production and consumption of organic food items, similarly to what the Indians are currently practising.

To understand the impact that organic food has on ones health, let us learn from the true-life testimonies of Dr Olukemi Oyegbile, formerly a staff member of the United Nations Development Program UNDP, as she made at the Xtralarge Farms program to promote organic food, a few years back. In her words: This is the Lords doings and marvellous in our eyes. My Organic Food, My Medicine (Gen. 1 v. 29; PSM. 104 v. 14; Ezk. 47 v. 12, In Line With Gen 6:3. I was divinely led to see the gain from my pains of 40 years of allergic reaction to heat and dust in Nigeria on a Rescue Mission.

I was born a premature baby in the 50s but was fortunate that my mother who was born in 1920 had a Standard Six School Certificate. That was my saving grace that girl-child education made the then nurses who taught my mother did not understand English had to ensure that I was put in an incubator that was acquired 5 Days before I was born in the Mission Hospital.

So I did not have the opportunity to be breastfed with colostrum milk which should have conferred me with immuno globin to enable me to be desensitised from allergies. I started with childhood asthma. This stopped by itself at the age of 15 years. Thereafter, the allergic skin challenge started.

This was on for 40 years during which as a medical student back then in University College Hospital (UCH), Ibadan in the 70s all was done to find a lasting solution. I was placed on steroids-based ointment that I could only use for a short period in order to avoid more serious side effects.

After my graduation as a medical doctor, I had opportunities to seek solutions in South Africa, the United Kingdom and the United States of America. The same solution of steroid-based ointments as was in UCH, Ibadan with the same advice that it should be for a short while.

In October 2009 the Holy Spirit convinced me with Psalm 104: verse 14 to use organic supplements and organic food. Listed are the improvements made: 1. The challenge improved by 65% with the first organic supplement which was from the USA so availability stopped in the first quarter of 2017.

2. It improved to 75% with the use of another organic supplement that was from the USA but is no longer available because of Government policy.*

3. Perfectly cleared and 100% desensitised with Xtralarge Farms Organic Food stuff and herbs within 15 months.

4. I am totally free from allergic skin reactions, particularly my right leg which was the last being closest to sand.

_Thus, it took 14 years to be perfectly cleared and desensitised to organic supplements and foods.

There is a need to apply the triple Cs of Commitment, Consistency and Confidence.*_

The Take Home Messages are : 1. Girl-child education is very important in reducing childhood mortalities.

2. Grandparents and parents who are caregivers to newborn babies to ensure that they are fed with *COLOSTRUM MILK* which is available only within 24 hours after birth.

3. Use of drugs to treat symptoms which is like cutting a branch of an Iroko tree compared to Organic Supplements and Foods that take longer time to be very effective which is like uprooting the Iroko tree health challenge, therefore, the application of 3Cs is very important.

This is why I am so passionate about authentic organic food and herbs from a reliable local source like Xtralarge Farms with 100% INTEGRITY. I do not need to look for dollars for these organic foods and herbs.

In conclusion, if you have any chronic ailment and you are looking for rescue like I was in 2009, you are cordially invited to join us in Xtralarge Farms. Contact Dr OLUKEMI OYEGBILE on 08023144160.

Having heard from the horses mouth, it is important to understand what organic food is all about, the nutritional value to your body and health and take that all-important first step now.

Happy and blessed New Year to you all, my dear readers.

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2024: Back to Organic Foods - Businessday

According to a Dec. 21 post, Grayscale and Harris Poll have teamed up to get the read on the role of crypto in the 2024 election.

As stated inthe report, for the first time in history, Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies were all mentioned in the American Presidential primary debate, resulting in the release of2024 Election: The Role of Cryptoa survey administered by Grayscale on behalf of The Harris Poll, an American market research and analytics company.

From this study, key findings included 46% of likely voters being said to hold off on cryptocurrency investments, waiting for additional policies and regulations before diving into the digital asset space.

🚨NEW: @Grayscale partnered with @HarrisPoll to get a read on the role of #crypto in the 2024 election. Some key findings were:

🔱46% of likely voters say that they are waiting for additional policies and/or regulation before investing in crypto.
🔱40% expect their future…

— Eleanor Terrett (@EleanorTerrett) December 21, 2023

Simultaneously, data showed that 40% of respondents anticipate incorporating cryptocurrency into their future investment portfolios, signaling a growing acceptance of this emerging financial frontier. Equally noteworthy is that nearly half of the surveyed voters, 48%, expressed that implementing additional policies or regulations around cryptocurrency would make them more inclined to invest. The survey also unveils a generational trend, with Gen Z and Millennials displaying a keen interest in the candidates understanding of crypto.

A substantial 59% from both demographics express a likelihood of voting for a candidate well-versed in cryptocurrency matters, and an additional 50% and 48%, respectively, consider a candidates stance on crypto a decisive factor in their vote for the 2024 U.S. presidential election.

In alignment with an earlier report from Nov. 9, Galaxy Digital Holdings CEO Michael Novogratz expressed reservations about the progression of cryptocurrency regulations in the United States leading up to the anticipated 2024 presidential elections.

In the third quarter earnings call for the company, Novogratz predicted a delay in U.S. crypto regulation until post-2024 elections. With many likely voters interested in cryptocurrency regulation, Novogratzs prediction will likely check out.

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Grayscale and Harris Poll unveil cryptocurrency's role in 2024 election - crypto.news