Post by: newshunter on March 14, 2022, 01:10:34 AM
Valkyrie Investments CEO Leah Wald opens up on the importance of Bitcoin ETFs and why the traditional financial world should pay attention to digital assets moving forward.
Source: Valkyrie Investments‘ Leah Wald on Bitcoin ETFs and the future of digital assets (https://cointelegraph.com/news/valkyrie-investments-leah-wald-on-bitcoin-etfs-and-the-future-of-digital-assets)
Would appreciate your opinion about this
Post by: TomPluz on March 14, 2022, 06:14:25 AM
In the past, the news that there can be a possibility of a Bitcoin ETF always drove the price of Bitcoin up and when there was the subsequent rejection of it the movement of BTC price can go south. However, not anymore as the attractiveness of an ETF has already been lost in the crypto industry. Personally, i am not so sure if an ETF can really be good for Bitcoin in the long-term. Maybe somebody can enlighten and convince me of the importance of ETF and whether that can be helping Bitcoin grow or will it not be putting a cap on Bitcoin - just like what an ETF had done to gold?