As the dust settles on a momentous week for the crypto industry, what will be the lasting aftereffects?
After pushing for more than a decade, the cryptoverse finally got what it wanted: Bitcoin (BTC) for sale and trading on major United States stock exchanges — albeit in the form of an exchange-traded fund (ETF).
But be careful what you wish for. No sooner had the U.S. Securities and Exchange Commission (SEC) handed the crypto sector a belated Christmas gift 10 years in the making than Bitcoin’s (BTC) price pulled downward again.
Many predicted that this drawback would happen, and it’s probably just a hiccup, but it raises questions about the aftereffects.
