There has been so much FUD/FOMO lately about the bitcoin ETF proposals, debates on its merits and demerits, it makes me wonder. What is actually better for bitcoin, Is it some form of government regulations like ETF approvals or Gradual mass adoption of cryptos in general? What's your take?
Adoption is way better than regulation for cryptos. If adoption rate increases, regulations will follow. But if regulation jumps into forefront, adoption rate may or may not slow down. However, adoption here means mass adoption by the general people like us and not by the corporates. If we see a big corporate adopting cryptos strictly for other institutional investors, it may not have much impact on the market. The better impact will happen when we will see bitcoin or other cryptos are accepted in the general stores and small service providers. It will make bigger impact on the crypto market.
For the same reason, I don't have much hope on the proposed bitcoin ETFs which is pending for decision by SEC. These are made only for large institutional investors and not for common mass like us!