Chris Kuiper, CFA(@ChrisJKuiper):A new BTC demand driver is emerging. Our latest research piece from analyst Zack Wainwright examines the rise of perpetual preferred stocks -- another transparent demand driver we can observe for BTC. He puts their growth in the context of Bitcoin ETPs, examines why they may appeal in a world of expanding fiat and debt, and closes with a comparison to the Pyramids of Giza to illustrate the market's potential scale.

Chris Kuiper, CFA

@ChrisJKuiper

VP of Research, Fidelity @DigitalAssets. Turning coffee into digital asset insights and analysis. Views are my own.

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Chris Kuiper, CFA@ChrisJKuiper

2026.10.21 16:48

A new BTC demand driver is emerging. Our latest research piece from analyst Zack Wainwright examines the rise of perpetual preferred stocks -- another transparent demand driver we can observe for BTC. He puts their growth in the context of Bitcoin ETPs, examines why they may appeal in a world of expanding fiat and debt, and closes with a comparison to the Pyramids of Giza to illustrate the market's potential scale.