Bitcoin No Longer Operating Outside Traditional Financial System: Metaplanet CEO

Bitcoin's recent price action has sparked curiosity among investors and analysts alike. While some may argue that Bitcoin exists outside of the traditional financial system, Metaplanet CEO Simon Gerovich disagrees.

Gerovich claims that Bitcoin's behavior this week is not driven by a major crypto announcement, but rather by a development in traditional finance - specifically the U.S. Treasury's decision to expand liquidity.

This shows that the old narrative about Bitcoin existing outside of the financial system is no longer valid, according to Gerovich.