In this video I dig into what the financialization of Bitcoin means. The exchanges withdrew their applications for options based upon Bitcoin Spot ETFs but are resubmitting them.
We delve in what this means and if it is going to evolve how some people are imaging.
Here is the article discussed in the video:
https://bitcoinist.com/financialization-bitcoin-with-etf-options/
▶️ 3Speak
This move could herald a new era for Bitcoin, aligning it closer to the operational dynamics of traditional financial markets.
This appears not good at first sight, but Demirors said, “Financialization is a beautiful thing. . ."
I think it is good for crypto as a whole, but bad from BTC. Crypto was created to be decentralized, so BTC becoming centralized defeats the original purpose. But I've always said that BTC's sacrifice might be necessary so that the other tokens can realize its purpose.