EU about ETF and Bitcoin

[TomPluz]

Yes, many of the Bitcoin critics, even some financial institutions, organizations, companies, banks are now the campaigners of Bitcoin even JP Morgan, others are now crypto friendly companies. Now, many institutions want to be part of the bitcoin community, however, this will further boost cryptocurrency developments.

This is part of the mainstream adoption of Bitcoin when banks and traditional financial institutions are now entering the cryptocurrency industry upon realizing that this is the beast that will not go away and that it can also be profitable. These financial monoliths existed primarily to make good money and when they can smell the scent of profits they would find a way to ride the beast and even become big and influential players on the industry formerly dominated by ordinary gals and guys like you and me. Soon, these new whales will be commanding a high level of presence in the Bitcoin and cryptocurrency industry and they can even order what direction the market will be taking. As one of its nature, Bitcoin is agnostic and is open to all regardless of the intention and financial prowess. In summary, the coming in of banks and traditional institutions to Bitcoin/cryptocurrency can be heralding a new era for the industry and can be brining some distinct advantages and disadvantage as well...and in the coming years we would found out what are those.