Former bad boy Bitcoin evangelist Richard Heart, now turned shitcoin creator, swore up and down for months that Wall Street was coming in the form of futures contracts, and that when they do... Bitcoin is going to explode!
Well, you see... they didn't.
As a matter of fact, the futures were a big fat dud, and not only did they see abysmal volume, but the price of Bitcoin actually started going down in a major way once they were introduced.
So you know what they say, fool me once, shame on you, fool me twice, shame on me.
With that being said, I would like to ask you all, the community, on what your thoughts are on a Bitcoin ETF in general, and whether or not you believe it will actually help the price of Bitcoin going forward... assuming of course it's ever approved?
Just in case, below I will provide you with the definition of what an exchange-traded fund is exactly:
ETF stands for exchange-traded fund, and is an investment fund that tracks an index, specific asset or basket of assets. Many aspects of the market are covered by ETFs. First introduced in 1989, ETFs are similar to index funds, but unlike index funds, ETFs can be bought and sold throughout the day on the stock exchange. They have low management fees, sometimes as low as 0.04%.
Definition provided by: Investopedia
I'm doing this because I believe one persons opinion on a certain topic is irrelevant, and that a collaboration of opinions will grant us with a much better average of answers to use, in order to better calibrate our own ideas, beliefs, and opinions.
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