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Forbes| XBTO's Philippe Bekhazi comments on SEC's lack of appeal against Greyscale could be a key moment for Bitcoin and Digital Assets
October 16, 2023
News
Forbes quotes XBTO's Philippe Bekhazi as it explores how the SEC decision not to appeal against Greyscale's spot crypto ETF could unleash an "Earthquake" in digital assets.
Some hi-lights:
- Cryptocurrencies like Bitcoin, Ethereum, and XRP have faced challenges in the U.S. due to regulatory concerns.
- The U.S. fiscal situation is seen as unstable, potentially impacting the value of the U.S. dollar.
- Wall Street giants, including BlackRock, are exploring opportunities to embrace cryptocurrencies.
- The SEC's decision not to appeal a court ruling on a Bitcoin ETF is seen as a significant moment for the crypto industry, with approval expected.
- Recent Bitcoin price fluctuations are linked to geopolitical events.
- Asset managers are seeking approval for spot Bitcoin ETFs, potentially opening up crypto investment for institutions.
- Bekhazi expects spot Bitcoin ETF approval in early 2024, signaling increasing institutional adoption.
Please find the full article on Forbes here:
https://www.forbes.com/sites/digital-assets/2023/10/16/leak-reveals-a-wall-street-crypto-revolution-to-beat-the-us-dollar-has-suddenly-begun-heralding-bitcoin-ethereum-xrp-and-crypto-price-chaos/amp/