We can protect Bitcoin’s long-term value by diversifying how and where we invest in it and keeping a close eye on the custody practices and decentralisation (or lack thereof) of these financial products, Marc Taverner writes.
Read Marc Taverner’s opinion piece for Euronews discussing the recent surge in Bitcoin's price, which has sparked optimism about the approval of exchange-traded funds (ETFs), potentially propelling its value further. However, concerns arise regarding the centralisation of the market with the approval of ETFs and the implications for Bitcoin's decentralisation. While some foresee liquidity and market stability benefits, others, like Peter Schiff, warn of potentially catastrophic impacts. The approval of ETFs highlights the need to scrutinise custody practices and diversify investments to protect Bitcoin's long-term value and decentralisation.
Read the full article here.
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