Vitalik Buterin Thinks There Is Too Much Fuss About Bitcoin ETFs

[koplak]

I reckon this is only 1 of the very few things that Vitalik said that I agree to as a humble follower of the cryptospace.

ETFs make bitcoin more accessible only to the institutional investors, but not the common people. If real adoption was the plan, then wouldn't it be more preferable to make bitcoin more accessible to the common people through other methods?

I am not fully convinced in Vitalik's idea of cryptocards but there must be other ways.


Vitalik Buterin took it to Twitter to finally weight in on the recent EFT rejection which was, arguably, the biggest news of the previous week. While he does not deny the importance of crypto ETFs, he believes that there is too much hype surrounding this issue and offers a different mainstream adoption solution.

SEC’s decision to reject Winklevoss brothers’ application suddenly made many crypto enthusiasts feel lost and bearish. However, Buterin didn’t seem to be excessively bothered by that. The Ethereum co-founder proposes preloaded crypto card as a more effective way of popularizing crypto.  

Buterin’s tweet provoked a heated discussing that generated hundreds of replies. Some users were skeptical whether the preloaded cards would be able to push crypto adoption to a new level by replacing traditional currencies. While other individuals are certain that Buterin is too dismissive about ETFs, as both ETFs and crypto cards are equally important for the industry

Read in full https://cryptocomes.com/vitalik-buterin-thinks-there-is-too-much-fuss-about-bitcoin-etfs-makes-emphasis-on-crypto-cards