By: Tim Fries
The closer one is to the sun, the more blinded one becomes. These words of wisdom can be found in some form or another, relaying simple truth about human endeavors. The closer we are to the subject matter, the more likely we’ll miss important concepts outside of our concentrated focus—and engage in muddled thinking. This applies to the complex and pioneering world of blockchain in a number of ways. Fortunately, after many milestones crossed, we can take a more objective view in the rear-view mirror.
Bitcoin Has Become Mainstream – but Is Its Utility Future-Proof?
After reaching a $1 trillion market cap and becoming integrated into the world’s payment processing flows such as PayPal and Square’s CashApp, it’s safe to say that Bitcoin has broken many barriers. In the last couple of months, Canada has approved four Ethereum ETFs while a Bitcoin ETF was launched in February by Purpose Investments on the Toronto Stock Exchange.