TL; DR
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Now that we’ve seen the launch of Bitcoin Exchange Traded Funds (ETFs) in the US market, other major markets are following suit.
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Hong Kong just received its first BTC ETF application, after local regulators said they were ready to consider applications for spot crypto ETFs.
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The greater the stock markets allow for the purchase of Bitcoin → the more likely Bitcoin is to be bought up over time → reducing supply and increasing demand.
Full story
You know how real estate agents will harp on a home’s proximity to schools, public transportation, grocery stores, restaurants, etc.?
The more a country has to offer → the more likely you are to invest your money there.
Well, the same goes for the stock markets.
The more financial products (also called companies and funds) that investors can buy into on a stock market → the greater the chance of investments → the more valuable the local stock market becomes.
And now that we’ve seen the launch of Bitcoin Exchange Traded Funds (ETFs) in the US market, other major markets are following suit.
Namely Hong Kong, which just received its first BTC ETF application, after local regulators said they were ready to consider applications for spot crypto ETFs.
Here’s why this is important:
Hong Kong is not a small market! A cool $31 trillion is sloshing around on the stock market.
The greater the stock markets allow for the purchase of Bitcoin → the more likely Bitcoin is to be bought up over time → reducing supply and increasing demand.
Here’s the math on that:
Supply decreases + demand increases = quantity increases.
(at least that’s what we’ve been told).