An official from the famous Investment Bank Morgan Stanley emphasized that spot Bitcoin ETF approvals have a key value for the future of the cryptocurrency market.
Morgan Stanley’s head of digital asset markets Andrew Peel In a note to investors, he addressed the impact of spot Bitcoin exchange-traded fund (ETF) approvals.
Peel stated that these approvals given by the US Securities and Exchange Commission (SEC) are an important turning point in the adoption of Bitcoin by the global financial system. institutional investors who can flock to the market he pointed out.
However, he stated that ETF approvals could signal a potential paradigm shift in the global perception and use of cryptocurrencies, while Bitcoin and other cryptocurrencies “de-dollarized of the world” He hinted that it could be an escape point.
Peel emphasized that the dollar exported by the USA has suffered reputational damage in the light of global developments. macroeconomic balances are changing rapidly he emphasized. At this point, he stated that cryptocurrencies can play an important role and pointed out the increase in Bitcoin adoption.
While we predict that the trend of making Bitcoin a legal currency, especially initiated by El Salvador, may evolve to a different point in the future, we also predict that stablecoin transaction volume Visa And MasterCard He reminded that he started to challenge giant companies such as.