Re: Bitcoins and other cryptos will never become mainstream before...
New technologies take time to develop until they're mature enough for mainstream use. It's only been 15 years since BTC came to the world. I'd say there has been impressive results within such a short amount of time. We've seen some countries going as far as accepting BTC as legal tender. Not only that, but institutional investors are also considering pouring lots of money into crypto.
With spot ETFs approved in the US and abroad, Bitcoin is on its way of replacing Fiat currencies in the future. Or at least, eliminate the need for paper money. Just buy, "hodl", and forget about the rest. Who knows if early adopters (like us) will strike it rich in the future? Just my thoughts
With spot ETFs approved in the US and abroad, Bitcoin is on its way of replacing Fiat currencies in the future. Or at least, eliminate the need for paper money. Just buy, "hodl", and forget about the rest. Who knows if early adopters (like us) will strike it rich in the future? Just my thoughts
15 years is a eons for... technology. And Bitcoin has traveled further from it's goals of being a decentralized currency in that time, not closer.
The ETF in particular makes a mockery of the original goals of Bitcoin.
Bitcoin is a meme investment instrument, not a viable means of mainstream transactions. There's nothing wrong with that, but you might as well get used to calling it what it really is...