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RE: How the SEC ETF decision is a great example of how bitcoin creates value
Technically you're right that we don't need an ETF, because Bitcoin will survive with or without one. However, I think an ETF approved by the SEC would elevate Bitcoin's image to a whole new level of legitimacy that would bring in a lot of newcomers to the crypto space.
In addition to that, it will open up the floodgates from institutional investment firms as they would be able to offer exposure to Bitcoin without their clients having to worry about safely storing their coins or managing private keys, etc. This would cause significant upward price action on Bitcoin itself from both of these factors.
Love lots @a-0-abul
Steem on!
Yea institutional investors will increase price. An ETF cannot hurt but it i thinks its importance is overstated.