If the SEC approves do you think it will have a global impact on other financial regulators? Will this possibly pave the way for an explosion in bitcoin value? Please share your thoughts. Thanks!
For the sake of argument, let's say that SEC approved Bitcoin ETF, I think it will have a impact but I'm guessing it will have a short term effect only. We all speculate that it can bring tons of money, similar to what CBoE and CME did. Yes it did, however, the effect didn't last long, we did enjoy a good peak at $20000, but things suddenly goes on a downward spiral. So we might see the same consequences along the way if Bitcoin ETF gets approves.