Adoption or Regulations why way is better for bitcoin ?

[emma.lee1890]

There has been so much FUD/FOMO lately about the bitcoin ETF proposals, debates on its merits and demerits,  it makes me wonder. What is actually better for bitcoin, Is it some form of government regulations like ETF approvals or Gradual mass adoption of cryptos in general?  What's your take?

[Rembang]

it is true that the current bitcoin price seems to be hindered by ETF regulations, and that makes prices difficult to rise again, but I strongly believe that if there is a mass purchase this will make the price of Kemabli soar.

[Niteroy]

I believe that ETFs can increase the value of Bitcoin and other cryptocurrencies, but for the growth of cryptocurrencies, their massive adoption all over the world is necessary. Only in this case we will see the widespread use of cryptocurrencies and their growth. ETF can only be the beginning for big growth and for large investors to pay attention to Bitcoin.

[Contagem]

If you look at the graph of gold price changes after the adoption of the ETF, we will see a rapid increase in the price several times and quite reasonably. I think that ETF can give a good impetus to the growth of Bitcoin and its further adoption worldwide.

[yousufatik]

Bitcoin and other cryptocurrencies needs to be regulated first inorder that adoption will going smooth many people think that crypto is just a scheme and not to be trusted as it is illegal like other countries stated but if it will be regulated then we can see the mass adoption will be fast.

[bdsharminsoltana]

There has been so much FUD/FOMO lately about the bitcoin ETF proposals, debates on its merits and demerits,  it makes me wonder. What is actually better for bitcoin, Is it some form of government regulations like ETF approvals or Gradual mass adoption of cryptos in general?  What's your take?

Adoption is way better than regulation for cryptos. If adoption rate increases, regulations will follow. But if regulation jumps into forefront, adoption rate may or may not slow down. However, adoption here means mass adoption by the general people like us and not by the corporates. If we see a big corporate adopting cryptos strictly for other institutional investors, it may not have much impact on the market. The better impact will happen when we will see bitcoin or other cryptos are accepted in the general stores and small service providers. It will make bigger impact on the crypto market.

For the same reason, I don't have much hope on the proposed bitcoin ETFs which is pending for decision by SEC. These are made only for large institutional investors and not for common mass like us!

[mamun777]

The truth is that even if we are proclaiming to be pro-Bitcoin or cryptocurrency, only a handful can only say that they are anti-government to the point of saying that Bitcoin or cryptocurrency should go all-out against it. Only a few among us can say without flinching that whether or not the SEC would approve the ETF, they do not care a little. At the end of the day, we still want the governments and their agencies to acknowledge Bitcoin or crypto even if we do not agree with them trying to send the signal that they are more powerful.

[kamal420]

Both scenario will surely help bitcoin succeed however, the most plausible one is the mass adoption first, regulations follow. Governments only regulate certain type of asset class/investments if it see that public attention towards it is high. If people already adopt bitcoin right before regulation, there's a solid foundation for survival, regulation only strengthens the masses' confidence about it. Whereas in the opposite scenario, no one would dare touch bitcoin if regulations and taxes are already in place; no one would take hefty profits and no one would be interested as it would seem like bitcoin is just like stocks and derivatives, only with a sassy name.