This is an opinion editorial by Louis Tsu, the CEO of Venom Foundation and an entrepreneur with a background in finance, technology and macroeconomics.
Regardless of one’s own perspective on whether bitcoin is a financial asset or an already-established form of money, one thing is clear: it is up to the market to decide the role of bitcoin. The collective power of invested capital and market liquidity will always be the overriding factor.
A Warm Embrace For Bitcoin, With Limits
Bull market or bear market, Bitcoin is rarely out of the news. But it’s safe to say that 2023 has been a particularly-bubbly year in the BTC news cycle. BlackRock, the world’s biggest asset manager with $9 trillion in assets under management (AUM), has applied for a spot bitcoin ETF, with CEO Larry Fink dubbing BTC “an international asset.” Moreover, several other august financial institutions have thrown their hats into the crypto ring with Bitcoin as their focus.
Many of these entities have bought in
We współpracy z: https://bitcoinmagazine.com/culture/is-bitcoin-money-or-a-store-of-value
