ETFs, futures trading, and Bitcoin forks (BCH, BSV, etc.) could've had an impact over Bitcoin's price.
Those things have zero long-term impact on Bitcoin's price, and even in short term they are barely noticeable.
I would not agree that that
BTC ETF, if one day be approved by the SEC, will have no effect on price. Most agree that it will have a very big impact on price, but that in the long run it will cause big problems. Futures and forks are already known facts that affect the market in the short term, but they quickly fall into oblivion.
One good post written by our admin theymos in response to Andreas Antonopolous :
Andreas Antonopolous: ETF's are NOT good for bitcoin as the centralized custodian can decide what to do with the bitcoin they're holding.
Agreed, an ETF will almost certainly turn into a disaster at some point. The coins will be stolen, forks will be handled controversially, there will be issues with fungibility (eg. someone will "trace stolen coins" to the ETF's stash), the world will freak out when a bunch of retirees lose their life savings after doing the equivalent of buying BTC at $20k, etc. etc. It'll also get the sort of people who love regulation more into BTC, which is never good.
But investors want it, so it'll probably happen eventually. In particular, I totally condemn trying to get regulators to interfere in the free market more than they already do by blocking any ETF. (When the SEC was last looking into this, I had actually written a long document that I was going to send to them in order to comment on many technical issues with their proposed Bitcoin ETF regulation, but I decided not to send it because I don't want to have even the slightest hand in regulations.)
An ETF probably will increase the price a lot (until the ETF suffers its near-inevitable catastrophe), which has some pros and cons.Note that an ETF can't affect Bitcoin itself, just the ETF investors and the market. There is no voting of any sort in Bitcoin, so it's not as if holding a lot of BTC gives you any power over Bitcoin, for example. I do agree with Andreas that the creation of a "corpo-Bitcoin" seems probable, perhaps after the ETF loses a ton of BTC and wants to undo it.
Bitcoin is about to reach 80% dominance, crashing shitcoins to zero and still we watch and care about youtube shills that offer nothing to the community.
This is what needs to be fixed.
Fix it in what way? The only way is to completely ban everything related to crypto on YT, but it's not a good solution. I agree that most of these videos just mislead viewers, but still, everyone should try to understand how today's marketing works, not just on YT, but on all other media. Everyone has to choose when investing their money, every coin has its risks, and so does BTC. Far greater security is when investing in BTC, because there is some sense and purpose behind this project, but if one wants to invest in Cardano or ETH, let them learn from their mistakes.