10x Research: Bitcoin price is driven by demand, and this development highlights the growing integration of Bitcoin with traditional financial markets
10x Research stated in an article that contrary to popular belief, the price of Bitcoin is driven by demand, not changes in its (mining) supply. In the five bull markets of Bitcoin, investors have continuously innovated ways to acquire Bitcoin, from early spot trading to using tools such as futures, unsecured loans, spot Bitcoin ETFs, and now ETF options.
This progress highlights the increasing integration of Bitcoin with traditional financial markets, and regulatory approvals from institutions such as the US Commodity Futures Trading Commission (CFTC) and the US Securities and Exchange Commission (SEC) have accelerated this trend, making Bitcoin-related financial products legal over time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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