Market Cap: $3,243,668,241,616
24h Vol: $147,397,847,100
Cryptocurrencies: 26307
Markets: 103788
Cryptocurrencies: 26307
Markets: 103788
Market Cap: $3,243,668,241,616     
24h Vol: $147,397,847,100
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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