Title: Bitcoin Price Skyrockets to Over $70,000 as Wall Street Eyes a $90 Trillion Earthquake

In a remarkable surge, the price of bitcoin has surged to over $70,000 per coin, nearing its all-time high, while financial giants on Wall Street are quietly monitoring a potential $90 trillion shakeup. The significant price increase marks a 350% jump from the recent low of $15,000 seen in late 2022. Traders are now setting a lofty new target for bitcoin, with expectations that it could be reached sooner than anticipated.

Recent developments involving China and Russia have further boosted the cryptocurrency's prospects. Both countries have announced their shift away from the U.S. dollar and expressed interest in a bitcoin-inspired alternative. In light of these developments, Silicon Valley venture capital investor Chamath Palihapitiya believes that bitcoin is approaching a "tipping point" that could pave the way for an ethereum, XRP, and crypto exchange-traded fund (ETF) boom.

Palihapitiya, a former Facebook executive and an early bitcoin investor who claims to have purchased the cryptocurrency in 2010, made these remarks during a podcast with fellow investors. He stated, "We're going to get to a tipping point where everybody really talks about this." While acknowledging that the cryptocurrency market is still in its early stages, he emphasized the significance of the inflows into the emerging ETFs. This trend enables even regular investors to participate in the market, either as long-term holders or speculators.

The introduction of new spot bitcoin ETFs has generated considerable excitement on Wall Street, with BlackRock's IBIT emerging as the fastest ETF to secure $10 billion in assets under management. Many experts and analysts agree that surpassing the $70,000 milestone could propel bitcoin to reach $100,000. Looking further ahead, Samir Kerbage, Chief Investment Officer at Hashdex, believes that bitcoin could potentially test the $200,000 to $300,000 range by 2025, followed by another market correction.

The enthusiasm surrounding spot bitcoin ETFs has sparked mounting speculation regarding the approval of ETFs for other major cryptocurrencies, such as ethereum and XRP. Palihapitiya remarked, "People are now speculating that there's going to be an ethereum ETF that gets approved as well because if you approve one, there's probably legitimate cause to approve a few others." These developments indicate that cryptocurrencies are increasingly becoming an integral part of the financial landscape.

It is worth noting Palihapitiya's previous prediction last year, where he declared the "death" of the American bitcoin and crypto industry, cautioning about imminent regulatory scrutiny on crypto firms like Coinbase. However, the recent surge and growing acceptance of cryptocurrencies highlight their resilience and potential for widespread adoption.

The current bullish momentum in the bitcoin market, driven by institutional investors and growing recognition, suggests a promising future for cryptocurrencies. As investors eagerly anticipate further milestone achievements, the possibility of ETFs for alternative cryptocurrencies presents new investment opportunities. The stage is set for continued growth and innovation in the crypto market, challenging traditional financial systems and garnering wider public attention.

Please note that the information provided in this news article is based solely on the content and statements provided by the user and may not reflect the entire cryptocurrency market or industry trends.