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With the recent launch of new crypto exchange-tradedfunds (ETFs), it's never been easier to buy Bitcoin (CRYPTO: BTC) for your portfolio. If you read through the original Bitcoin whitepaper from 2008, it's hard not to be blown away by its theoretical underpinnings. Currencies backed by precious metals (e.g.,
Bitcoin (CRYPTO: BTC) has received a lot of attention lately, mainly due to the approval by the Securities and Exchange Commission and the subsequent launch by major asset managers of spot exchange-tradedfunds (ETFs). Zooming out, it's a similar story.
The original whitepaper that describes Bitcoin's technical function and long-term ambition compares the electricity and computing power of Bitcoin mining to digging physical gold out of the ground. Bitcoin is finally turning into a digital version of physical gold for the purposes of long-term investments.
With the introduction of exchange-tradedfunds (ETFs) based on spot Bitcoin prices, the fourth halving of Bitcoin mining rewards, and the introduction of a more crypto-friendly U.S. Where the Bitcoin bulls hang their hats The Bitcoin whitepaper compares the cryptocurrency to physical gold.
The recent introduction of exchange-tradedfunds (ETFs) based on spot Bitcoin prices has made the crypto asset available to whole new types of investors. This technical change was included in the original Bitcoin whitepaper 16 years ago and is executed approximately once every four years. Image source: Getty Images.
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