Will There Ever Be Other Crypto Spot ETFs in the US?

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“It’s fairly clear that Bitcoin is the one crypto asset that’s going to be authorized on the market within the type of a spot ETF in america.”

They’re the phrases we heard from MicroStrategy (MSTR) founder and Govt Chairman, Michael Saylor, yesterday throughout their quarterly earnings name.

That assertion could find yourself being true; nevertheless it additionally must be taken with a giant ol’ grain of salt.

Why? Effectively, did we point out that MSTR holds 214,400 BTC? That’s ~$13B USD value at in the present day’s costs.

However no matter any bag-bias, Saylor would possibly find yourself being right…

Bitcoin is the unique cryptocurrency – it’s gradual and inefficient, however boy if it ain’t safe!

We all know there’s plenty of dialogue about value fluctuations for BTC (heck, we’ve actually referred to it’s worth in USD on this article already) however BTC’s actual distinctive worth proposition is nothing to do with the truth that it might go up in worth.

(That’s a bi-product of it’s precise worth proposition).

BTC is exclusive as a result of it’s merely the oldest, most safe, retailer of worth that exists in crypto.

Positive, persons are attempting to construct good contracts on high of the Bitcoin community and a few have even proposed rollups.

However truthfully, none of that basically issues. Ask any Bitcoin maxi and they’ll inform you that BTC is like digital gold.

It’s essential for the world to have various currencies to the US greenback as a result of, as Jerome stated yesterday, “inflation remains to be hotter than anticipated” and that’s most likely to do with the truth that extra USD might be printed at any time.

Not like Ethereum, Solana, or another altcoin, Bitcoin has one major goal: to be a digital retailer of worth.

And to that finish, Michael Saylor would possibly simply be proper about it being the one crypto spot ETF ever authorized within the US.

Let’s reassess in just a few years 👴