The truth remains that no matter how many centralized exchanges, users always have the choice to use decentralized wallets and exchanges. No matter what happens, Bitcoin’s features are permanent and can’t be modified. The bad part of the Bitcoin ETF approval is that it will draw attention so people will rather use Bitcoin as an investment other than a currency. And if a bigger percent of holders think that way then we may never fully grow as a currency.
Are you trying to blame bitcoin ETFs for turning bitcoin into an investment? Let me ask, how long have you been in the market and have you ever spread or tried using bitcoin as a currency? Or do you just see it as a speculative tool to make more money? Bitcoin was an investment before the bitcoin ETF was approved, and it was early investors like us who made it an investment. Don't try to blame ETFs or the government when 10 years ago they still didn't care too much about bitcoin. Also, if bitcoin wasn't volatile, didn't generate profits would you still be here? Please answer honestly.
You could have made a statement instead of asking me directly because I wouldn’t say something I do not do. I do signature campaigns and get paid in Bitcoin, yet I use those bitcoins to pay for things in places where possible. But apparently it’s limited on the platforms or physical stores that accept bitcoin as a mode of payment. My message was me ranting because I want Bitcoin to be used as what it was created for.
I applaud you because you are one of the rare people who are still trying to protect the original purpose for which bitcoin was created . But I also disagree that you're trying to blame ETFs for turning bitcoin into an investment and not a currency. Because obviously we've considered it an investment since it was created and not because the ETFs have turned it into an investment. If you want to blame, blame the original investor, don't try to blame the government or any regulations.
But in my opinion , what bitcoin is is not so important , the important thing is that it has been bringing benefits to everyone .Bitcoin is an investment and it is bringing financial prosperity to some people , and that is what we should look at. Don't be too conservative just because it cannot become the world currency as it was originally intended .