First Mover Asia: Does it really matter that $btc has hit $30K?
As Asia starts its business day, the crypto markets are stable.Ethereum’s Shapella upgradeIn an interview on CoinDesk TV, Bruno Ramos de Sousa, Head of US Markets at Hashdex, said that $30,000 isn’t that much of an important milestone for bitcoin.
"We're finally in the stage in which people are back to discussing the importance of bitcoin and crypto more generally in finance and technology," Ramos de Sousa said on CoinDesk TV’s All About Bitcoin. Bruno emphasized that investors are becoming more informed in their approach to Bitcoin as they acknowledge its potential for long-term growth, and are less obsessed with the number going up or down.
"Most of the investors are very pragmatic, in looking at the asset and understanding the possibility that bitcoin becomes something a lot larger than it is today," he said, emphasizing that the U.S. needs to treat crypto as a legitimate asset class. "It's a wasted opportunity that the U.S. has been taking the approach it has in the past few years. It's lost dominance and relevance in many interesting crypto sectors, from tokenization to security tokens, to ETFs and ETPs," he continued.that there are both bullish and bearish narratives at play within bitcoin. It might sustain $30K for some time, then go down again, before its next pricing surge.
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