A Mature Asset: The Future of Bitcoin in the United States


Abstract

Beyond its core value propositions – scarcity, decentralization, security, among others – this report makes the case for four areas that support Bitcoin adoption in the United States:

1. On-Chain Transparency: Bitcoin is a transparent, open-source, and cryptographically verifiable asset that, through the use of on-chain analysis, ensures resistance against nefarious economic actors in the network.

2. Effective Price Discovery: Bitcoin’s price has always followed its inherent economic forces of supply and demand, as opposed to what is loosely considered “market manipulation”. Moreover, these fundamental forces are analyzable via on-chain data.

3. Need for Innovative Financial Instruments: A Bitcoin ETF is key to boosting America’s market share of its total circulating supply, keeping America, and its citizens and investors, the leading global player in the future of Bitcoin.

4. Bitcoin has matured: Bitcoin has developed enough market efficiency, historical resilience, and regulatory robustness to allow further growth and adoption of Bitcoin through these new financial instruments.

Read the full Valkyrie Funds report here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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