FCA - EXCLUSIVE: Bitcoin A Viable Alternative In Countries With Financial Challenges Coinbase UK CEO Tells Benzinga | Benzinga
Coinbase Inc. (NASDAQ: COIN) UK CEO Daniel Seifert on Thursday dubbed Bitcoin (CRYPTO: BTC) as a viable alternative in countries that are grappling with financial challenges.
In an interview with Benzinga, Seifert pointed to several catalysts fueling Bitcoin's meteoric rise to a new all-time high, including regulatory advancements and the anticipation of Bitcoin's halving event.
"Over 80% of G20 and major financial hubs have regulated or are in the process of regulating crypto," Seifert noted, highlighting the SEC's approval of several ETF applications in January, with Coinbase serving as the custodian for the majority.
This regulatory progress has contributed to a growing mainstream acceptance of digital currencies, now owned by 425 million people worldwide, he said.
Seifert emphasized the pivotal role of Bitcoin ETFs in boosting investor confidence towards digital assets. "The approval has created greater trust and confidence in ...