Every time there is a dip the big boys are buying in and due to its volatility it is every day traders dream.
Not familiar with XBT or the other paper assets mentioned in the article but BTC is bitcoin.
There will only be 21million coins created by bitcoins protocol. 19million have already been mined and no bank or banks hold the majority of those coins.
Nor do they possess the vast amount mining power that makes up the network.
There is no central authority to go after or to shutdown. Exchanges can be closed but another or five others can be opened to replace one.
They are not required however to transfer coins in a transaction.
Big changes cannot occur without controlling the hashing power to fork the protocol. Small changes get adopted by minors by majority rule.
Forking would take 51% of the total networks hashing speeds to accomplish. That will never happen.
That is one major thing that makes bitcoin the most secure. It can never be taken over by a 51% attack.
Wrap your mind around the protocol and how it works. It truly is revolutionary and blockchain technology will be utilized in ways we are not yet able to foresee.
One way we may see soon is in securing our elections.
When the dust from this current environment settles many banks will no longer be standing. Others will be forced to evolve.
Nothing short of a world wide EMPs from solar flares knocking out electrical grids world wide will be able to touch cryptos.
The banks see the writing on the wall. Not if but when