British "Economist": Bitcoin will not disappear, the establishment of ETF may make its future price trend slower and more stable
The British "Economist" weekly wrote an article "What will happen after Bitcoin surges". The article pointed out that Bitcoin is not rising in isolation: every asset is rising, stock markets around the world are approaching record highs, and so is the price of gold. As such, Bitcoin has performed better than most assets. Regulatory agency the U.S. Securities and Exchange Commission approved the creation of a Bitcoin exchange-traded fund (ETF), making it easier for ordinary investors to buy the cryptocurrency. Bitcoin has been around for 14 years and its simple mechanism of self-certification and verification of supply growth has never been affected. Hacker destruction means that this token will not disappear. With the creation of ETFs, it is now obvious that Bitcoin is becoming an investment asset. The establishment of the Bitcoin ETF may have triggered a wild and breathtaking rise, but the future price movement it foreshadows may be slower and more stable.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
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