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Quote from: tajimas on May 03, 2024, 06:42:12 PM

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.

Every win is a win and the ETF approval is more than just a win, but a nod that all is in order and the concept of Bitcoin and cryptocurrencies in general is here to stay and be a solution for investors as well as those who intend to make a career out of trading Bitcoin either part time or full time.
The ETF approval is what large corporations and large pocket investors need to invest their funds as buying coins on a regular by DCA or at once may prove too much to handle and ensure safety.