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XBTO's Philippe Bekhazi comments on SEC's lack of appeal against Greyscale could be a key moment for Bitcoin and Digital Assets

News

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October 16, 2023

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Forbes

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/

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