Bitcoin has finally passed, just verifying my guess...
The Bitcoin spot ETF has finally been approved by the US SEC. What does this represent? And what will happen in the future?
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1️⃣The approval of the Bitcoin spot ETF represents that virtual currency has gained recognition in the mainstream market, allowing ordinary people to trade it as an asset, which also proves that traditional finance is compromising with the crypto community;
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2️⃣The Bitcoin trust fund may be converted to an ETF, as regulators changed their stance on Bitcoin ETF issues during a lawsuit last year. In August last year, the court announced a victory for the crypto community and criticized the SEC for blocking the issuance of Bitcoin ETFs;
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3️⃣The launch of Bitcoin funds by BlackRock and Fidelity is definitely a milestone event, as the structure of the ETF provides a familiar and heavily regulated way to purchase Bitcoin. ㅤ
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4️⃣This asset is completely based on 'digital', and we obviously cannot value it using traditional analytical methods (like fundamental analysis). Therefore, investors need to rely on quantitative analysis to assess the value of Bitcoin.
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5️⃣SEC Chairman Gary and Charlie Munger Buffett are both staunch critics of cryptocurrency, but their views cannot stop the development of cryptocurrency. Young people are looking at new things, while middle-aged stakeholders will resist, so it is precisely because of the enthusiasm and support of young people that Bitcoin can establish a foothold in the crypto space. [赞R]
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Overall, the approval of the Bitcoin spot ETF is a historic event that marks the gradual integration of cryptocurrency into the mainstream financial market. However, investors still need to be cautious, as there is still a certain degree of uncertainty in the valuation of cryptocurrency.#加密市场观察 $BTC
