The capital market dominated by institutions is not only about spot trading, but also about the scale of derivatives, because institutions have a demand for various derivatives, whether for speculation, hedging or hedging. It is worth noting that the holdings of Bitcoin contracts have also surged, reaching a scale of 60 billion US dollars.
In the future, Bitcoin will have bull and bear markets under the leadership of institutions, but it will be difficult to rise and fall as before, and the crypto market will become healthier. The era of buying with your eyes closed and getting rich is over. In the future, you need to have a keen eye to identify truly valuable projects, and then you can make money from growth.
If gold is the anchor of the traditional financial market, Bitcoin, as "digital gold", will be the anchor of crypto finance in the future. After the gold ETF was approved in 2004, after the financial crisis in 2008, the United States implemented quantitative easing, reached its peak in 2011, and then fell into a bear market correction for several years. During this period, technology companies such as Google, Apple, Microsoft, and Amazon began to explode, driving the subsequent prosperity of web2.
Bitcoin ETF will most likely push Bitcoin to another climax. With the advancement of compliance, the completion of infrastructure, and the implementation of applications, the web3 world will surely usher in prosperity.
