How do you think the Bitcoin ETF approval will affect bitcoin and cryptocurrencies in general in the future?
Well it depends on which perspective you want to look at it.
Many are against etf for there is now a higher possibility of manipulation of the market with big investors coming in. On the other hand, we have seen what it did to the price of bitcoin just a month ago. I think definitely it has its own pros and cons.
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?
The btc etf definitely serves more centralization than most would need and while it does help in the process of the public adopting btc there is a higher risk of government regulations.