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RE: Bitcoin ETFs Likely a Huge Mistake
The laughable thing about this ETF thing is that everyone was pinning their hopes on Bitcoin making a comeback when one would be approved.
Herein lies the hypocrisy of cryptocurrency investors, they all want Bitcoin and other cryptos to replace fiat, they don't want government agencies regulating or controlling it, yet an ETF would be just that. The only way the SEC will approve an ETF is if they can regulate and control cryptocurrency which would be disastrous.
Yeah, only some want the replacement for freedom. Most just care about making a killing by getting adoption anyway it can get adopted. Look at Steem, all the vote selling, they just care about making money as investors, not making the platform a great social media place.