Summary
TLDR: Coinbase says bitcoin has attracted two types of investors – those who view it as a speculative asset and those who see it as digital gold and a hedge against geopolitical risk.
Key Points
1. Bitcoin’s continued resilience has attracted a bifurcated pool of investors who view it as both a speculative asset and a hedge against geopolitical risk.
2. The approval of spot exchange-traded funds (ETFs) has further bolstered the legitimacy of bitcoin as an investment option.
3. The perception of bitcoin as “digital gold” highlights its potential as a safe-haven asset in times of uncertainty.