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It’s been about 15 years since Satoshi Nakamoto released the seminal paper that outlined the concept of Bitcoin, and launched a new class of financial assets, cryptocurrencies. Just by surviving through a tumultuous period, they have acquired acceptance.
The latest “win” for the asset class is the US Securities and Exchange Commission’s (SEC’s) permission to list spot bitcoin exchange-traded funds (ETFs) on US exchanges. Several such ETFs will list. This opens the door for institutional investors to put money into cryptocurrencies.
The 2008 paper introduced the concept of a currency not controlled by any entity (i.e. a central bank). Each
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