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Karen Maley

The big question surrounding bitcoin after its ETF approval

The cryptocurrency has dropped more than 10 per cent in less than a fortnight following the excitement surrounding the SEC’s green light, and pockets of hostility remain.

Bitcoin made a huge stride this month, one that helped shift it from the fringes of the investment universe closer to becoming a mainstream financial product.

But the digital currency has yet to resolve one key question: will its extreme price volatility stop it from being accepted as a way to hold wealth?

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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/is-bitcoin-losing-its-lustre-20240118-p5eyef