Digital Currency
Add as a preferred source on GoogleSigel also says Bitcoin’s supporting infrastructure may merit reassessment.
The adoption case he describes is indirect and multi-year; current market volatility also factors into his view.
His comments also raise a separate question about whether Bitcoin’s supporting infrastructure merits reassessment. The adoption effect and infrastructure reassessment are presented as possibilities.
Tether CEO Paolo Ardoino made the argument in a Nov. 3 podcast interview. He said Bitcoin’s main chain would record settlement when a channel closes.
Long-position accounts were the larger group in all five markets; Solana was the only one with a negative funding rate.
Asian-session volume on Binance’s BTCUSDT pair rose to $670 million on Nov. 6, while U.S. turnover was $150 million.
