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
