Bitcoin ETFs (Ally or Enemy of the Crypto Space?)

TL;DR

• With ETFs, buyers by no means really personal the asset, as a substitute the fund custodies it for them — which comes with its personal dangers (uhhhhh hi there FTX, Lehman Brothers, Silicon Valley Financial institution).

• Shopping for/storing a cryptocurrency with a intermediary (centralized trade) undermines the precise motive Bitcoin exists: Which is to permit anybody to take part within the international monetary system, giving them full possession over their property, investments and knowledge. 

• Giving buyers the chance to buy Bitcoin ETFs introduces them to the world of crypto, permitting them to dip their toes in, study and finally (hopefully) dive in head first. 

Full Story

Have you ever heard the saying: people are creatures of behavior? 

We needed to lookup who coined it…

(So you understand for subsequent trivia night time: it was Stanley Corridor within the 1870s).

We carry this up as a result of this saying is the right encapsulation of why we like Bitcoin ETFs. 

The ideas behind ETFs and Bitcoin are radically reverse. 

With ETFs, buyers by no means really personal the asset, as a substitute the fund custodies it for them — which comes with its personal dangers (uhhhhh hi there FTX, Lehman Brothers, Silicon Valley Financial institution).

Shopping for/storing a cryptocurrency with a intermediary (centralized trade) undermines the precise motive Bitcoin exists:

Which is to permit anybody to take part within the international monetary system, giving them full possession over their property, investments and knowledge. 

BUT.

People do not change in a single day. 

Giving buyers the chance to buy Bitcoin ETFs introduces them to the world of crypto, permitting them to dip their toes in, study and finally (hopefully) dive in head first. 

It takes time for folks to undertake new concepts.

…however giving them a stepping stone (ETF) positive will assist them take the leap.