In this episode of Coin Street headlines, we dive into the latest headlines shaping the cryptocurrency landscape. October has kicked off with bitcoin climbing back above $120,000, marking its highest price since mid-August. Historically, October has been a bullish month for bitcoin, with gains in 10 of the past 12 years. We discuss insights from Robinhood CEO Vlad Tenev on the unstoppable trend of tokenizing real-world assets, from stocks to real estate, and how this will impact financial markets globally. New York State Senator Liz Krueger has introduced a new legislative proposal for a tiered tax system on energy used by crypto miners, with exemptions for those utilizing 100% renewable energy. Jane King with the latest from the NYSE.
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Thanks Remy.
Here's a look at your Coin Street headlines.
Is October here?
Bitcoin climbed back above $120,000.
This is the highest price a Bitcoin has reached since August 14th, 7 weeks ago, when it started correcting from its all-time high.
October is Bitcoin's most bullish month of the year historically, with gains in 10 of the past 12 Octobers, according to Coin Glass.
Well, the tokenization of real world assets from stocks to real estate will spread to the financial markets and around the world.
That's according to Robin Hood Market's chief executive officer Vlad Tenev.
Now Tenav says the tokenization can't be stopped.
A tokenized asset is a digital representation of a real world asset like stocks, bonds, or commodities that can be recorded and traded on a blockchain.
Or distributed ledger.
New York state senator has proposed a tax on crypto mining energy use.
The legislative proposal introduces a tiered tax system for energy used by crypto miners in New York charged by 1 kilowatt hour used.
Liz Krueger's proposal exempts miners using 100% renewable energy, and that is the latest Quin Street headlines.