Bitcoin Gains Regulatory Ground as Crypto Rules Remain Unsettled for CLARITY Act
Market Implications of the CLARITY Act News
Mitchnick attributed Bitcoin's rally while equities struggled last week to distinct risk-and-return drivers rather than to equity-beta behavior.
He pointed to Bitcoin's own flows and the debasement trade, while citing investor concerns about global debt and deficits. He also said younger demographics were increasingly favoring Bitcoin over gold as a store of value.
Spot Bitcoin ETFs recorded cumulative net inflows of $54.6Bn and total net assets of $98.6Bn, according to SoSoValue. In Mitchnick's framing, the CLARITY Act is less central to Bitcoin's current institutional case than it is to crypto categories where the regulatory picture remains unsettled.
This article has been published in coinspeaker.com via Yahoo News.
Bitcoin Gains Regulatory Ground as Crypto Rules Remain Unsettled for CLARITY Act
In CLARITY Act news today, BlackRock head of digital assets Robert Mitchnick told CNBC on Wednesday that the CLARITY Act is less critical for Bitcoin than for the rest of the crypto market. He said Bitcoin had achieved a level of regulatory acceptance that most other digital assets had not. ...
finance.yahoo.com
