Hassan Ahmed, Coinbase’s Singapore country director, in 2024 Bitcoin He says there are two upcoming catalysts that point to a bullish outlook for (BTC). Ahmed says in a CNBC interview that BTC will see a potential increase in demand and at the same time experience a decrease in supply.
So this spot Bitcoin ETF (exchange-traded fund) for US markets is indeed fundamental and as big a deal as people claim. A structural market change is emerging for this asset class.
NEWS CONTINUES BELOWThe noise and chatter around this confirmation is definitely intensifying and we’ll see how things play out. However, from what we see, there will be a secular demand and flow of funds into this asset class and this asset in particular.
And when you combine that with the halving, which will cut the supply side block subsidy in half, I think those two factors coming together will be pretty explosive.
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Ahmed, a spotlight in the USA Bitcoin ETFHere’s what he says about the symbolism of the hype surrounding the potential approval of and the impact the product would have if it got the green light:
Although regulatory discussions are still ongoing in the USA, the emergence of this ETF and the SEC’s paving the way for it indicate that the demand and weight for this asset class is now too high to be ignored.
NEWS CONTINUES BELOWAnd this further stigmatizes and legitimizes this asset class by providing asset managers and allocators with a familiar and compliant channel to access this asset.