As the January 10 deadline for approval by the Securities and Exchange Commission (SEC) of a spot bitcoin ETF looms, bitcoin (BTC-USD) hovers around its $45,000 benchmark. A spot bitcoin ETF would allow exposure of the crypto to many new investors, opening up the market for a new era of trading. Riot Platforms CEO (RIOT) Jason Les joins Yahoo Finance to give his insight into what all of this could mean for bitcoin and cryptocurrency trading going forward. "Investors are starting to see there is value to having a deflationary asset as part of their portfolio. For years, investors have used gold as an inflationary hedge, as part of their portfolio," Les says. "Fidelity calls bitcoin exponential gold because, unlike gold, there's only so much bitcoin that can be mined. Gold can continue to be mined for the foreseeable future here." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino.

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