XEROF Lianchuang: BlackRock and other bitcoin ETFs cut bitcoin growth space
2024-05-11 19:46:55
Marc Taverner, CEO and co-founder of financial services provider XEROF, said that Bitcoin is gradually becoming mainstream investment, but the influx of institutional investors may limit its use as a means of exchange. The large number of Bitcoin ETF purchases by large institutions such as BlackRock has led to a decrease in the supply of Bitcoin and a rise in the price, further attracting investment. However, this has also made Bitcoin's circulating supply insufficient, hindering its development as a means of exchange. Regulation should support more financial products and diversify the use of Bitcoin to promote the healthy development of the market.
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