Crypto’s Wrestlemania: Bitcoin ETF hype is more a memestock than Gold 2.0 – Lionel Laurent

In the surreal spectacle of Bitcoin ETF approval resembling Wrestlemania, the hype is deafening, but the promise of transformative, gold-like adoption appears elusive. The rush for regulatory green lights has financial pundits predicting massive inflows, yet skepticism looms. Advocates envision "Gold 2.0," echoing gold's historical success, but the delayed ETF entry and Bitcoin's unproven hedge attributes raise doubts. Amidst regulatory uncertainties and market volatility, the crypto's allure hinges on institutional nods, painting memes gold, but the underlying value remains uncertain in a finance landscape evolving towards digital currencies and institutional offerings.

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Bitcoin ETF Hype Is More Memestock Than Gold 2.0: Lionel Laurent

By Lionel Laurent

The regulatory approval of an exchange-traded fund isn't supposed to be a mass-media event worthy of Wrestlemania. Yet here we are. The hype around US spot Bitcoin ETFs has reached meme levels akin to pandemic-era laser eyes: Crypto prices are soaring, hackers are mobilizing and Redditors are pumping. But the promise of game-changing, gold-like adoption looks like a meme too far.

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