Cryptography expert: Hong Kong financial authorities approving spot Bitcoin ETFs may trigger a strong rebound in Bitcoin prices
2024-04-01 08:27:12
According to Noel Atchison, a contributor to Crypto is Macro Now, the approval of the Hong Kong financial authorities to launch a spot Bitcoin ETF may trigger a strong rebound in Bitcoin prices. Spot goods are more efficient in terms of taxation and cost. It will attract a wider range of participants. The trading volume of Asian cryptocurrency exchanges exceeds that of the US market, and if a small number of Chinese investors can legally invest in Bitcoin, it would be huge.
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