2024-01-26 08:00:00 ET
Summary
- When Bitcoin was created in 2009, it was launched in the post-financial crisis era as an alternative to mainstream finance.
- Bitcoin has fallen below $40,000 after rising to just under $50,000 before the spot Bitcoin ETF launch.
- It seems that Grayscale had somewhat of a first-mover advantage with assets and experience.
- Spot Bitcoin ETFs have played a large role in making crypto a more legitimate asset class.
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For further details see:
Spot Bitcoin ETFs: Why Bitcoin Shouldn't Be A Divisive Topic