Coin Stories News Block: Bitcoin Rallies As Liquidity Improves, SEC Finally Approves Options Trading for IBIT ETF, NYDIG Founder Says Bitcoin is Protected by the First Amendment
Sep 26, 2024
NYDIG Founder, a prominent figure in Bitcoin finance, shares insights on the rising Bitcoin market as global liquidity improves. He discusses the recent SEC approval for options trading on Bitcoin ETFs, hinting at increased institutional interest. The conversation also delves into Bitcoin's resilience against market manipulation and its unique position as an asset class, referencing its fixed supply and debates on energy consumption. The guest emphasizes Bitcoin's role in promoting individual liberty within contemporary monetary systems.
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Bitcoin as Liquidity Barometer
- Bitcoin acts as a liquidity sponge, responding strongly to changes in global financial flows and liquidity conditions.
- It has moved in line with global liquidity fluctuations 83% of the time since 2013, making it a unique barometer of currency debasement.
Bitcoin ETF Options Could Spur Adoption
- The SEC approval of options trading on BlackRock’s Bitcoin ETF may unlock institutional adoption by enabling risk management through hedging.
- Regulated options on a fixed supply, decentralized asset like Bitcoin could create unprecedented market dynamics.
GameStop vs Bitcoin Markets
- The GameStop short squeeze illustrated the risks of centralized markets through trading halts and share dilution to kill momentum.
- Bitcoin’s fixed supply and decentralized market prevent such manipulative shutdowns, enabling true free-market dynamics.