How do you think the Bitcoin ETF approval will affect bitcoin and cryptocurrencies in general in the future?
I don't want to talk about the future. But I can share my observations so far. According to my observation, The entire market is moving with the ETF market now. Since the ETF report is not instant, updating the market takes a couple of hours. Sometimes it takes a day. I noticed that if we see net inflow on the ETF market, Bitcoin price increases for the next day, and the same thing happens when we see net outflow on the ETF market. Now if you ask that if it's good or bad, I don't know. ETF brings more centralization. But we all should be okay with that. People who cares about their privacy will remain anonymous and they don't think much about centralization. Anyonymous people will enjoy the market movement instead.