According to cryptanalyst Arthur Hayes, co-founder of the BitMEX exchange, against the background of the economic and geopolitical conflict between the USA and China, the decision of the Hong Kong authorities could bring significant benefits to BTC. Competition will take cryptocurrency and ETFs to a new level, including interstate relations.
“The competition is great. “If the US has a proxy asset manager, BlackRock, that manages ETFs, then China probably needs its own proxy asset manager,” Hayes said on social media.
Source: Ferra
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