Finally SEC has finally approved the so awaiting bitcoin ETF, this single act has brought about a win for the crypto space. Bitcoin ETF should we be afraid? with approval it has created an avenue for firms( hedge funds) to enter into the space, and create several options as regards investment options as it’s speculated that most financial institutions are willingly accepting hold the king crypto(bitcoin) on behalf of their clients.
When financial institutions begins to hold these digital assets on behalf of their clients will be risky for business as many of the major players in the financial sector their intention is to play custodian roles of the digital asset (bitcoin). Within the financial sector there is a power tussle on who will be the authority participants of the ETF shares. An investment journalist name Tabbi says that - The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money when there is money to be made the squid will strike.
If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link See leoglossary for the terms used within this post also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in h growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.
Let’s also connect on some of the web2 platform.
Twitter:Hironakamura