Bitcoin’s Remarkable Rise: Matt Levine Dissects SEC’s Spot Bitcoin ETF Approval and Crypto’s Market Evolution

In his Bloomberg Opinion column dated January 11, 2024, Matt Levine provided an insightful analysis of Bitcoin’s evolution and the recent approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Bitcoin’s Shift from Original Vision: Levine began by contrasting Bitcoin’s original purpose as “electronic cash” with its current status. […]