Part 7/14:
Bracebridge Capital exemplifies this trend, holding over $37 million in Bitcoin ETFs. Such moves could spark a chain reaction among other banks and asset managers, possibly leading to a broader acceptance and integration of Bitcoin into mainstream portfolios.
The Political and Regulatory Climate
The week also saw significant political developments. Notably, Australia is taking tentative steps toward a Central Bank Digital Currency (CBDC). Some banks are urging citizens to adopt digital currencies, with warnings that refusal could result in losing access to traditional banking services. These measures are part of a broader push to phase out cash and push towards digital financial infrastructure.