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Weekend Edition: Will ETFs give crypto an air of respectability?
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Friday 19th January 2024
Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.
Our guest on the Weekend Edition this week says Bitcoin started as an anarchic response to the rapidly rising quantity of Fiat currencies. UK economist and writer Frances Coppola still believes the value of Bitcoin is tied to the policies of central banks, particularly when it comes to cycles of QE and QT. But does it really? Many argued it was a hedge against inflation, but that never came to pass. So what changes with Bitcoin now the USD regulator has cleared the way for ETF’s to offer the chance for regular investors to easily buy or sell out of Bitcoin linked securities? Is it now a more respectable investment choice? Will it lose its volatility? And, if it does, what’s the point of it?
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