CoinVoice has recently learned that according to Jinshi, George Milling-Stanley, chief gold strategist at State Street Global Advisors, believes that the recent surge in Bitcoin may have given investors a false sense of security.
Milling-Stanley said, "Simply put, Bitcoin is a return-seeking investment, which shows that investors are pouring into Bitcoin for capital gains rather than because they see value or use in Bitcoin." The launch of options based on Bitcoin spot ETFs last week may be related to this, allowing investors to invest less cash to bet on Bitcoin's price fluctuations rather than buying Bitcoin itself. [Original link]
