Mow stated that people who hate and criticize Liquid Bitcoin do not even realize that in the future they will still end up using the Liquid Bitcoin infrastructure indirectly anyway. Basically, it was a hidden warning that their criticism is in vain. The former Blockstream CSO explained that Liquid Bitcoin is being adopted by various popular services (without naming any as an example, though), which are integrating it for settlement and rebalancing.
After , he stated that he planned to concentrate on helping whole nations and states adopt Bitcoin. It was Mow and Blockstream that stood behind ’s issuance of “Volcano BTC Bonds” backed by Bitcoin. Prior to that, the state adopted BTC as national currency a few years ago. As Mow left Adam Back’s company, speculation sparked within the cryptocurrency community as to what country will adopt Bitcoin next (perhaps with Mow’s helping hand).
Now, he said, we are about to see the clash of Bitcoin supply shock with the demand shock. He expects the approaching Bitcoin halvening to make sure the supply shock happens. The expert pointed out that financial institutions are now accumulating BTC en masse, expecting their Bitcoin ETF filings to be approved by the SEC very soon.
This week, representatives of four funds who plan to issue ETFs met with the regulator – BlackRock (NYSE:BLK), Fidelity, Franklin and Grayscale.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
