As a decentralized cryptocurrency, Bitcoin is known for not being regulated by any government. Of course, since its debut, many legal regulations have already appeared, also in Poland, but BTC still remained outside the financial mainstream. This can change!
Revolution in the United States. BTC can be part of ETFs!
ETFs are so-called spot investment funds. According to Interia, the head of the regulatory office that issued this decision, Gary Gensler, noted that the loosening of investment restrictions only applies to those stock exchanges that already have bitcoin in their investment portfolios.
How did the market react to this change? Optimistic! The value of the cryptocurrency jumped to PLN 183,000 for one BTC. At the moment, there is no indication that the largest cryptocurrency market will collapse, although some corrections are certainly possible.
Bitcoin in mainstream financial circulation – what do the experts think?
Bloomberg Intelligence expressed concern over the ETF's decision, noting that cryptocurrencies are high-risk assets. Bitcoin has been rapidly gaining value again lately, so crypto market skeptics fear that this is a classic bubble inflation that could one day burst – just like it did in 2021. Then billions of dollars can evaporate from the market.
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On the other hand, Standard Chartered believes that the launch of new ETF options could be “rocket fuel” for this cryptocurrency. Analysts of this company say that this year BTC price can exceed 100,000 USDand 200,000 USD until 2025.
If such a situation were to occur, the benefits would be huge – both for private investors and for companies that collect digital means of payment. It should be remembered that the BTC rate also affects the valuation of other major projects, with a special emphasis on Ethereum, whose price is also growing rapidly.
Ed. / Polsatnews.pl