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Bitcoin Turns 16: Entering a Critical Phase of Institutional Adoption and Global Financial Infrastructure

Bitcoin Turns 16: Entering a Critical Phase of Institutional Adoption and Global Financial Infrastructure

CointimeCointime2024/11/01 15:11
By:Cointime

Bitcoin celebrated its 16th anniversary on October 31, marking the day when Satoshi Nakamoto published the whitepaper that changed the course of financial history. The cryptocurrency has evolved beyond being just a rebellious experiment and is now a foundational piece of global financial infrastructure. The entrance of institutions, such as BlackRock, Fidelity, and Invesco, into the Bitcoin market through the approval of Bitcoin ETFs, has marked a historic shift and reflects a growing appetite for Bitcoin exposure through traditional financial vehicles. This institutional wave signals that Bitcoin is no longer seen as a fringe asset but a serious contender in the global financial arena.

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