2024-05-31 08:08:36 ET
Summary
- Bitcoin adoption by public companies is happening amidst greater institutional recognition. Semler Scientific stands out as a recent example.
- The mainstream recognition of Bitcoin as digital gold and a safe haven asset is increasing, leading to more companies adopting BTC.
- The U.S. regulatory landscape for crypto is improving, which is expected to be very bullish for Bitcoin and altcoins.
- There is a strong game theory element to all of this. I deconstruct this thinking in the article.
Bitcoin (BTC-USD) has been fighting the $73,000 resistance for months now. The Halving in April has yet to deliver on the promises of parabolic returns. With the approval of the Ethereum (ETH-USD) spot ETFs, it seems that the U.S. regulatory picture for crypto has taken a much more favorable turn....
Read the full article on Seeking Alpha
For further details see:
Bitcoin Prisoner Dilemmas: Another Pubco Adopts The MicroStrategy Playbook