Animoca Brands co-founder: Bitcoin spot ETF boosts Bitcoin price and is expected to drive the revival of the GameFi sector

2023-11-06 15:09:55

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ChainCatcher news, Animoca Brands co-founder Yat Siu stated that the market's enthusiasm for the anticipated launch of a Bitcoin spot ETF has not only driven up the price of Bitcoin but also reignited interest in blockchain gaming.

Yat Siu said, "The value of tokens is a way to build confidence in terms of users and utility. It's not just about making money; it's also about feeling confident in what you own." He also mentioned that key indicators of growth and confidence in the GameFi sector can be measured by closely monitoring on-chain activities.

Additionally, Yat Siu stated that if a spot Bitcoin ETF product is approved, it would have incredible benefits for the entire crypto industry, increasing the legitimacy of the sector while attracting significant new investments from traditional financial institutions.

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