JUST IN: $12 trillion Charles Schwab to launch Bitcoin and Ethereum trading for users soon.
Clients will be able to buy & hold actual BTC right alongside their stocks & bonds. https://t.co/T2fsTAwm1M
JUST IN: $12 trillion Charles Schwab to launch Bitcoin and Ethereum trading for users soon.
Clients will be able to buy & hold actual BTC right alongside their stocks & bonds. https://t.co/T2fsTAwm1M
Bloomberg ETF analyst James Seyffart said that as investor demand expands beyond the “digital gold” narrative, the assets under management (AUM) of spot Bitcoin ETFs are expected to exceed those of gold ETFs in the future. Seyffart believes that Bitcoin serves multiple roles in portfolios, including a store of value, a risk asset, and a liquidity trading tool, whereas gold ETFs have relatively singular use cases. (Cointelegraph)
https://t.co/0EXINnJKmx
Bloomberg analyst “Bitcoin ETF will be bigger than gold ETF”
https://t.co/rhcIgpF7MD https://t.co/S8o7t52uJ4
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.