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RE: Will an ETF (exchange-traded fund) actually increase the price of Bitcoin?
The exchange-traded fund industry, which is primarily based on indexing, is essentially an AI business so it stands to reason that the next step forward will be robot-run asset management
Hey, I like the sound of that, it sounds very promising indeed.
SEC exists to protect Wall Street’s money-making rackets. Wall street does not control the crypto space, as they control stocks, bonds and commodities. So they don’t particularly like the entire cryp[to space and have no real incentive to see it grow.
If they find ways to construct derivatives, get those traded, such as with bitcoin futures, then they would be able to control the ETFs based on derivatives.
AI trading or not, no real asset backing is allowed. SEC already showed its hand.
Ain't this the truth, and you don't think the SEC will ever let Bitcoin play with the big boys for real?
I don’t think they will, unless Wall Street finds a way to control the action in it.
It seems Goldman is taking a stab at it with the Poloniex purchase. They will attempt to make that a complex exchange of all types of assets, and of course, they will have SEC’s blessing.
They may be able to control the action more from that angle.
Ha ha, they always get the SEC's blessing, they basically own them.