Summary
- Bitcoin’s 30-day volatility plunged below that of the S&P 500 Index’s in early January, as both buyers and sellers looked elsewhere amidst declining liquidity.
- The lack of a Bitcoin spot ETF serves as a powerful symbol from U.S. regulators that the asset is not fit for traditional fiduciaries.
- As a call option on an alternative financial future in which U.S. dollar hegemony is decidedly less pronounced, Bitcoin retains attractive properties due to its max decentralization and (currently) fixed supply.
For further details see:
Why Bitcoin Is Rallying