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RE: Bitcoin Likely to Crash to $5000 before ETF Decision in September.
We don't need an ETF and is only speculators that play with this news to make a quick buck shorting Bitcoin again!
We don't need an ETF and is only speculators that play with this news to make a quick buck shorting Bitcoin again!
Hum, not so sure about that, what's your reasoning? I think an ETF would be great to increase awareness of the brand.
It is not the ultimate goal to have an ETF for Bitcoin to succeed, speculators and gamblers are playing with it to drive the price and make a profit.
What we need is to maintain the volatility and make Bitcoin useful, be able to spend it everywhere, and merchants to accept it.
An ETF is simply a basket of crypto that you buy with fiat money, nothing else!
Yeah I agree, we need some top notch Lightning Network UX to capture mainstream, however getting an ETF will help the brand, so many people still think BTC is drug dealer money so a ETF could definitely work to correct this bias.
I agree 100%. The awareness will come for certain. Sure - centralised money can rush that process a bit with it's quirky little financial instruments, but in the long-run ETF or no ETF does not matter a damn!
Agree with you for the long term picture.