Bitcoin market structure has undergone significant changes with the introduction of Bitcoin ETFs, which has opened the doors for a more diverse group of investors. This shift has led to a broader market participation and a significant increase in trading volumes during designated trading times for ETFs. This has ultimately resulted in a more stabilized market and decreased volatility. Hunter Horsley, the CEO of Bitwise Invest, believes that these changes will determine the true valuation of Bitcoin in the capital markets by 2024. As Bitcoin aims for a new all-time high of $50,000, the market will play a crucial role in determining the value of the leading cryptocurrency. While positive sentiments surround Bitcoin with regards to a potential slowdown in outflows from the Grayscale Bitcoin Trust ETF, it’s important to note that investing in cryptocurrencies is speculative and involves risk.
Bitcoin market structure ‘started to change’: Here’s why it’s important
Blockchain for a Better Planet: CEO Sunny Lu Explains How Vechain (VET) is Fighting the Climate Crisis – Next Big Trend?