Today, January 10th 2024, the SEC approved the listing and trading of the first spot bitcoin Exchanged-Traded Product shares. Crypto has come a long way, since the genesis block of Bitcoin was mined, on January 3rd 2009. Some will say it took too long, others will continue wa(r)ning against it.
Be as it may, this is a historical day. “Institutions are coming” has been an industry mantra, fueling crypto boom and busts. Now there are no more excuses: everyone is now entitled to come.
Nothing fundamentally changed today. But history is made of these symbolic days, as we, mere mortals, need these dates to mark the beginnings and ends of cycles. And I believe this will be a day we will remember as a mark in crypto’s history.
I think we can now confidently say: TO THE MOON! But mind the bumps…