NOTE : Questions from LAYMEN.
bitcoin is made without regulations, is decentralized, and controls everyone who has bitcoin. and in my opinion ETF is a rule that must be passed by Bitcoin. so will Bitcoin fail or die if the ETF disapproves of the bitcoin proposal? while Bitcoin has grown longer before going to ETF.
bitcoin is made without regulations, is decentralized, and controls everyone who has bitcoin. and in my opinion ETF is a rule that must be passed by Bitcoin. so will Bitcoin fail or die if the ETF disapproves of the bitcoin proposal? while Bitcoin has grown longer before going to ETF.
Tried, tested, blamed, still for a decade Bitcoin is going good (antifragile). Like the futures, ETF would be a much better opportunity for the rich bags with fiat to get into bitcoin. It would further establish Bitcoin as a mainstream financial asset when it's a peer-to-peer censorship resistant currency.
You did saw the hype futures brought in December. Something like that would happen have if SEC approves Bitcoin ETF, but temporary/artificial, maybe again some FOMOs would get burned.
Bottom line, why a decentralized network worry about its survival if a centralized proposal is approved or not.
A decentralized network should actually worry about it, when come a situation where the entire network and its purpose could come crashing down. That centralized proposal is more than just a proposal, if you think people will be done with jeopardising bitcoin after an ETF gets approved, oh boy does the community need to know a lot of shit. The US congress openly admitted that they are scared of bitcoin and that bitcoin could take over USD. Now why would they think the strongest currency in the world could be taken down by some cheap ass(
) internet coin?Read this: https://hadeplatform.com/articles/2018/07/19/congressional-hearings-reveal-hurdles-to-bitcoin-btc-adoption