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?
I'm not sure it will help bitcoin to become an actual currency; what will do for sure is bringing more attention, and that is good. Probably the majority of people who buy the ETF won't care about buying the actual bitcoins but even if a small percentage of those people, let's say 5%, will somehow become more interested about bitcoin then, for me, it's a great result.
Your insight nails it! Bitcoin ETFs might not make it a currency overnight, but they sure are sparking curiosity and that's a win.