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?
There are two ETFs. The first which was approved in 2021 is called a futures ETF and the second is a spot ETF which was approved in January 2024. What ETF do you mean, a Bitcoin spot ETF or a futures ETF?
For me, the approval of the Bitcoin spot ETF has a positive impact because Bitcoin, which is already popular, is becoming more popular. From small scope to larger scope.
Many are pushing for the SEC to approve a Bitcoin spot ETF before the SEC decides on approval in January 2024. There are various basic analyzes why many are pushing for the SEC to approve and in my opinion why I also push for it to be approved is as I said above.
Prices really depend on how big the demand and supply are and for me ETFs only make it easier for investors to find out the prices there. Bitcoin will not be under government control despite the 11 approved Bitcoin spot ETFs.
Are there any additions from 11, I didn't update