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The Bad Crypto Podcast
BCP 709 - Bitcoin Goes Mainstream! - Bad News for 1/16/24
Jan 16, 2024
After fifteen years, Bitcoin has finally gone mainstream with SEC approval of ETFs in the US. Adoption is also happening globally with Argentina's first rental agreement in Bitcoin and Poland's crypto regulation plans. The Rabbit personal assistant and a limited NFT collection are exciting new developments. The hosts discuss concerns about Bitcoin manipulation, the stock-to-flow model predicting a potential price of $532,000, allegations against Binance, and the impact of an AI-based device. They also talk about the AI-powered Rabbit device, OpenSea's missed opportunities, and the connection between crypto collectibles and a private meeting in February.
38:32
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Quick takeaways
- Bitcoin's SEC approval of ETFs in the US legitimizes it as an investment vehicle, attracting global interest and adoption.
- BlackRock CEO's endorsement of Bitcoin and Ethereum signifies mainstream acceptance and recognition of their worth as alternative investment options.
Deep dives
Bitcoin's SEC approval of ETFs legitimizes cryptocurrency as an investment vehicle
After 15 years, Bitcoin has entered the mainstream with the SEC's approval of ETFs in the United States. This legitimizes Bitcoin as an investment vehicle, attracting more interest and adoption globally. Other countries like Argentina and Poland are also embracing cryptocurrency with rental agreements and crypto regulations. The approval of ETFs could significantly increase the value of Bitcoin if it becomes a widely accepted investment option. However, some remain wary of government involvement and potential manipulation. Overall, Bitcoin and crypto are gaining legitimacy as a legitimate industry.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode