BLOOMBERG · 2026-10-29 21:00 UTC

Bitcoin's 18th Birthday Is Not Without Growing Pains

Bitcoin turns 18 this Saturday, having evolved from a rebellious decentralized payment system into a mainstream asset class with institutional adoption. BlackRock's $66 billion Bitcoin ETF and widespread corporate balance sheet holdings demonstrate Wall Street integration, though this contradicts Bitcoin's original anti-establishment purpose. Bitcoin's 30-day volatility hit a three-year low, but it remains volatile with past boom-bust cycles and continues to trade in correlation with US stocks rather than independently.

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