Over time, the approval of crypto ETFs in the U.S. could represent a similar disruption in market structure as the one seen in gold. It could shift the narratives around BTC (store of value) and ETH (crypto tech play) closer to a traditional investment asset. In other words, ETF investors may be following different narratives and demand functions (say, portfolio rebalancing or disposable income) to crypto native investors, the same way as Asian central banks buy gold for different reasons than traditional investors.
Bhutan’s Bold Leap into Cryptocurrency: A Visionary Strategy for Economic Growth | by Saad Jameel | The Capital | Jan, 2025
The Kingdom of Bhutan, nestled in the Himalayas and renowned for its Gross National Happiness philosophy, is making an unexpected...
