It’s becoming clearer every day that the approval of bitcoin spot ETFs has opened the floodgates to a pent-up drive to quality, when it comes to trying to store and preserve value, in an environment of pervasive institutional and governmental corruption.
There was poor rich man Jamie Dimon, who just wanted to mix and mingle at the World Economic Forum Davos meetup of elites last week, having to field questions—yet again—about bitcoin.
Projects scaling and adding Ethereum app-like functionality to Bitcoin continue to be a major focus in the crypto sector.
They’re being called Bitcoin Depository Receipts (BDRs). They represent a way for investors to gain exposure to bitcoin, by investing in securities backed by the world’s dominant cryptocurrency.
Crypto fans are betting cryptocurrencies’ troubles are fading now that the U.S. has clamped down on Binance and shut down FTX, two high-flying crypto trading platforms, and successfully prosecuted Changpeng Zhao and Sam Bankman-Fried, their respective CEOs.
It’s funny how one day after pro-bitcoin and anti-socialist Argentine candidate Javier Milei won by a landslide, the SEC announced a splashy lawsuit against the Kraken crypto exchange.
Even as Bitcoin continues to attract investors as a proposition for holding on to value, and (with the help of layer 2 technologies) facilitating payments, some persist in painting cryptocurrencies as “pretend technology.”
The crypto sector was pleasantly surprised this past week by an SEC decision not to challenge a court ruling regarding the creation of a possible spot bitcoin ETF (Electronically Traded Fund).
Over the past year, there has been a growing public perception of Bitcoin as a useful store of value.
That has contributed to lower price volatility, and it has shown comparatively good performance vs. long term treasuries and gold.