“Given the high co-relation of equity and crypto markets, macroeconomic headwinds such as decade-high inflation and rising commodity prices adversely impact crypto markets. US Federal Reserve’s aggressive stance on quantitative tightening to tame inflation will further aggravate the downtrend in crypto prices. Since the US money supply has been growing at a rate of 18 percent, three times the growth rate, inflation will be around for a couple more years and is not transitory in nature,” said Sharat Chandra, VP, Research and Strategy at blockchain-based identity management platform EarthID. As one of the top cryptos out there, Bitcoin will continue to attract different categories of investors and instituations. Bitcoin price will enjoy a bullish trend for years even as it will fluctuate.
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Micro Futures AI-powered legal analytics, workflow tools and premium legal & business news. Finally, as discussed in greater detail below, by using professional custodians and other service providers, the Trust provides investors interested in exposure to bitcoin with important protections that are not always available to investors that invest directly in bitcoin, including protection against insolvency, cyber attacks, and other risks. If U.S. investors had access to vehicles such as the Trust for their bitcoin investments, instead of directing their bitcoin investments into loosely regulated offshore vehicles (such as loosely regulated centralized exchanges that have since faced bankruptcy proceedings or other insolvencies), then countless investors would have protected their principal investments in bitcoin and thus benefited.