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BTC202: Bitcoin Mastermind 3rd Quarter 2024 w Joe Carlasare, Jeff Ross, and America Hodl (Bitcoin Podcast)
Oct 2, 2024
Join Bitcoin experts Joe Carlasare, a derivatives and options specialist, Jeff Ross, a macro-focused fund manager, and America Hodl, a Bitcoin commentator, as they delve into Bitcoin's ever-changing landscape. They tackle the implications of regulatory news like SAB 121, the entrance of BNY Mellon into crypto custody, and BlackRock’s new demands for Coinbase. Insights into institutional adoption, the shifting dynamics of Bitcoin ETFs, and predictions for Bitcoin’s future price trends make for a riveting discussion about the digital currency's path forward.
01:20:04
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Quick takeaways
- BNY Mellon's approval for custody services marks a pivotal shift in traditional finance's embrace of Bitcoin and digital assets.
- The introduction of Bitcoin derivatives trading is expected to enhance liquidity and provide institutional investors with risk mitigation tools.
Deep dives
Custody Developments in the Cryptocurrency Space
The SEC's recent approval for BNY Mellon to offer custody services for digital assets marks a significant evolution in how traditional finance interacts with cryptocurrency. This change indicates that legacy banks are starting to embrace Bitcoin and other digital assets, fostering a competitive environment for custody services, especially among ETF providers. Concerns are raised about whether Wall Street's increasing involvement may undermine the core values of Bitcoin, highlighting a divide among true Bitcoin advocates. Nonetheless, this shift is generally viewed positively, as it enhances liquidity and institutional interest in Bitcoin.
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