This potentially transformative industry should temporarily prioritize practical financial solutions that exhibit clear global demand and widespread adoption, putting aside some of its grandiose aspirations for the time being.
Fitch's recent downgrade of U.S. debt serves as a stark warning to American policymakers and highlights the significance of Bitcoin and other open monetary systems, emphasizes Michael Casey.
Larry Fink, CEO of the largest asset management company globally, acknowledges the potential of cryptocurrencies to 'revolutionize finance,' showing support for an industry that he previously approached with skepticism. However, the fundamental principles of Bitcoin are fundamentally contradictory to the nature of an ETF.
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