Simon Gerovich, CEO of Metaplanet, states that bitcoin no longer exists outside the traditional financial system. According to him, the recent surge in bitcoin’s price was triggered by the U.S. Treasury’s decision to expand liquidity, not by a major crypto announcement. Gerovich argues that bitcoin now behaves like an asset largely influenced by changes in liquidity and collateral conditions across traditional financial markets. He declares that decisions made by governments, central banks, and financial institutions affecting market liquidity also impact bitcoin’s price, rendering the old thesis that bitcoin operates outside the financial system obsolete.
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