BlackRock executive: Bitcoin and Ethereum are not competitors, but complementary
Robert Mitchnick, head of digital assets at BlackRock, said at the Bitcoin 2024 conference that despite the launch of a spot Ethereum ETF this week, it is unlikely that funds tracking other crypto assets will appear. He believes that Bitcoin and Ethereum are not competitors, but complementary. Bitcoin is a global currency alternative, while Ethereum is a technology platform. Mitchnick pointed out that although there is no completely clear regulatory guidance yet, the SEC has made it clear that it will not approve a spot Ethereum ETF with a pledge component. Mitchnick believes that crypto assets as a category will not disappear and will have more opportunities to enter the market. For example, competitor VanEck was the first company to apply to launch the Solana ETF, but experts believe that the ETF is unlikely to be approved.
BlackRock sees “little to no interest” from clients in cryptocurrencies other than Bitcoin (BTC) and Ethereum (ETH) and does not expect to see many cryptocurrency exchange-traded funds (ETFs) beyond the two core digital assets.
Lightspark Chief Strategy Officer, Xapo Bank Director of Public Affairs, Policy and Regulation: Bitcoin and Lightning Network still bring hope to retail banking
Catalini stressed that Bitcoin, from its inception, has enabled its users to seamlessly transfer value globally with "deep liquidity in over 200 countries, 24/7": "There is only one asset, and that's Bitcoin. It has regulatory clarity. It has on-ramps and off-ramps in almost every country in the world."
Microstrategy founder Michael Saylor: 2024 is the first year Bitcoin goes mainstream
Saylor said he continues to receive calls from CEOs of public companies and institutions interested in the Bitcoin-first approach Saylor is pioneering. "I think there's going to be a tailwind for Bitcoin regardless. I really don't see any future where governments don't embrace Bitcoin." Saylor added that it's not a question of whether future governments "support Bitcoin," but rather how "aggressive they'll be" and "whether they'll move quickly or more cautiously." The industry has already passed a turning point in January 2024, when it became clear that Bitcoin had become an institutional-grade digital asset.
Writer Jimmy Song criticizes 2024 Bitcoin Conference for straying from the spirit of Bitcoin
Writer Jimmy Song harshly criticized the first-day agenda at the 2024 Bitcoin Conference in Nashville, arguing that the discussions on banking, institutional investments, and U.S. exchange-traded funds that have gradually infiltrated the conference have deviated from the core value of Bitcoin. He emphasized that the greatness of Bitcoin lies in its freedom, independence, and self-sovereignty, and condemned the involvement of financial institutions such as BlackRock.
Song emphasized that Bitcoin should be kept away from the intervention of countries and multinational corporations. Independent media person Luke Rudkowski supported Song's point of view, believing that Bitcoin provides an opportunity for people to see the problems of the government and emphasizes that its decentralized nature can help individuals become independent of the national structure.
Wyoming Senator Plans to Ask Fed to Include Bitcoin as a Strategic Reserve Asset
Wyoming Senator Cynthia Lummis plans to announce a strategic Bitcoin reserve legislation at the Bitcoin Conference in Nashville, which would require the Federal Reserve to include Bitcoin as a strategic reserve asset. Lummis hopes to announce the plan before former President Trump's speech and hopes to gain his support. The legislation aims to include Bitcoin in the Federal Reserve reserves, similar to gold and foreign currencies, to stabilize the value of the US dollar. #内容挖矿 $BTC
