Market Cap: $2,649,052,993,271
24h Vol: $57,858,005,838
Cryptocurrencies: 30017
Markets: 116589
Cryptocurrencies: 30017
Markets: 116589
Market Cap: $2,649,052,993,271     
24h Vol: $57,858,005,838
Seeking Alpha 2023-02-05 09:52:00

Why Bitcoin Is Rallying

Why Bitcoin Is Rallying
Summary Bitcoin’s 30-day volatility plunged below that of the S&P 500 Index’s in early January, as both buyers and sellers looked elsewhere amidst declining liquidity. The lack of a Bitcoin spot ETF serves as a powerful symbol from U.S. regulators that the asset is not fit for traditional fiduciaries. As a call option on an alternative financial future in which U.S. dollar hegemony is decidedly less pronounced, Bitcoin retains attractive properties due to its max decentralization and (currently) fixed supply.
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