Crypto Just Got a Little More Un-Killable

TL;DR

  • The US, the UK, Europe, and Asia Pacific Nations (inc. Hong Kong, and now Australia) have all launched BTC ETFs, helping to cement crypto’s presence in global markets.

Full Story

There’s an ancient proverb which scholars estimate surfaced circa 1990 AD, that said:

“Nobody gets fired for buying IBM.”

The idea being: IBM had cemented itself as the industry standard — so for those in corporate IT departments, it was the safe bet.

These trends start from the top down:

A small handful of industry big-dogs adopt a technology → their competitors mimic them → it becomes standard.

When it comes to the adoption of financial products, the US is that ‘big-dog.’ If the US adopts something, it gives other countries/regions the green light to follow suit.

It’s weird, but very real.

And we’re now starting to see this manifest itself in the traditional financial world’s adoption of crypto — most recently in Australia’s launch of a BTC ETF.

Which, on paper, isn’t massive. Australia’s GDP is ~$1.6T — compare that to NVIDIA’s $2.8T market cap and it feels insignificant…

But zoom out and you start to see a trend:

The US, the UK, Europe, and Asia Pacific Nations (including Hong Kong, and now Australia) are allowing investors to buy Bitcoin via local stock exchanges, assuring regulatory clarity and incentivizing digital asset investment.

Better yet: once launched, these decisions typically don’t get reversed.

Which means crypto’s place in global financial markets is becoming further cemented, thanks to traditional finance (TradFi) adoption.

We love to see it!

Web3 Daily

Web3 and crypto news, translated into plain English.

https://web3daily.co/
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