CoinVoice has recently learned that 10xResearch stated on social media that, contrary to popular belief, it believes that the price of Bitcoin is driven by demand rather than changes in the supply of BTC itself (mining).
Each cycle of the five Bitcoin bull markets has been driven by innovations in how investors access it, from the creation of early spot trading platforms to the use of contracts, unsecured loans, spot Bitcoin ETFs, and now options for these ETFs.
This development highlights the increasing integration of Bitcoin with traditional financial markets. The regulatory approvals from U.S. agencies such as the CFTC and SEC have accelerated this trend, as these agencies have legalized Bitcoin-related financial products over time. [Original link]
