Post
Topic
Board Economics
Re: BITCOIN / GOLD
by
dothebeats
on 07/09/2018, 17:30:14 UTC
~
until now I am still confused about the benefits of bitcoin entering the ETF, will the price of bitcoin return as in early 2018? is the price determined by market demand, right?

why not? bitcoin went from being worth near zero up to $20000 which was more than 2 million percent rise without silly things like ETF and it will continue to do so in the future without them too.

Andreas Antonopoulos has some stuff about ETFs which are worth looking into. https://www.youtube.com/watch?v=KSv0J4bfBCc&vl=en
https://news.bitcoin.com/bitcoin-etfs-are-a-terrible-idea-andreas-antonopoulos/

But admit it or not, most institutional investors are wanting the ETFs to get on board with bitcoin before they go full-on bitcoin bulls. They are just waiting for that extra layer of security coming from the ETFs before they invest. Though bitcoin reached enormous heights without these fancy things the investing world drools about, still we can't deny the fact that bitcoin can still reached higher highs once these ETFs are approved. Idk what's the fuss about the ETFs but then again, if it brings in more money to the economy, that would be great.