2020-12-4 20:10 |
Traders have begun unwrapping tokenized bitcoins. The U.S. Treasury Department will keep a vigilant eye on digital innovations. And trading volumes on OKEx have plummeted.
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Bitcoin, now worth more than most U.S. corporations, first reached "dollar parity" 10 years ago.
Investors may be realizing the same deflationary market mechanisms that apply to bitcoin’s scarcity creates similar opportunities in NFTs.
Bitcoin set a new high above $50,000 after erratic trading earlier this week, though options markets are not anticipating a drawdown anytime soon.
Also: Did the CFTC "pop" the 2017 bitcoin bubble?
A CNBC contributor said the U.S. government wouldn't stomach losing the dollar's supremacy to bitcoin. Others say "the ship has sailed" on an outright ban.
Tesla plowed $1.5 billion into bitcoin, ETH futures went live on CME, Brian Brooks comments on dollar debasement.
Also: Ether is jumping off, taking DeFi tokens with it.