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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.
Maybe that will be the shorter effect but eventually people will come to their senses
that Bitcoin and altcoins must be used as currency that investment material.
I don’t think. People won’t eventually come to their senses because it’s like raising up a child. Anything you wouldn’t want your son to do when he is older, you won’t teach him when he is young because once he learns it, it sticks. Of course some persons will convert and start using Bitcoin as a currency which it was designed to be, but a huge percentage of them will keep seeing it as an investment.