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Markets Daily Crypto Roundup
Crypto Update | Bitcoin ETFs Are Not the 'Dominant Narrative' Driving BTC's 2024 Rally: VanEck CEO
Apr 9, 2024
VanEck CEO Jan van Eck discusses bitcoin's 2024 rally, ETFs, and the stablecoin market. He explains why SEC may not approve spot Ether ETFs. The podcast explores the growth of ETFs in Europe, bureaucratic obstacles for Bitcoin ETF approval, market trends, institutional adoption, and competitive stablecoin market landscape.
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Quick takeaways
- Transaction costs on Solana and layer tubes are more affordable for building applications compared to high fees on Bitcoin and Ethereum.
- Europe leads in cryptocurrency ETFs with staking rewards, while the stablecoin market sees growth with emerging use cases and competition among key players.
Deep dives
Affordable transaction costs on Solana and layer tubes
Transaction costs on Solana and layer tubes have become affordable compared to the high fees on Bitcoin and Ethereum, making them more viable for building applications. High gas fees on Ethereum are likened to filling a FAR tank at varying expensive rates, hindering efficient use of the database for development.
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Discover
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