Hello,friends
How do you think the Bitcoin ETF approval will affect bitcoin and cryptocurrencies in general in the future?
Will it trigger the development and acceptance of bitcoin as a new currency and investment instrument or will it drive us more and more under the control of governments?
-Regards
Good or bad, it's subjective.
A person who adore stock and thinks it's a superior investment than any other thing but has been eyeing Bitcoin for long will go for ETF but the person who loves freedom will pick Bitcoin over the ETF simply because of that "freedom", you can never have that with ETF.
If you buy an ETF, it's not like Bitcoin that you can withdraw from an exchange to a personal wallet, you either buy and keep on the broker or you sell and get equivalent fiats but for Bitcoin, you will buy bitcoin and you will get nothing but Bitcoin, you can send it to anyone or move your thing to an external wallet. You have your answers, it's subjective.