I believe that its impact on Bitcoin as a currency will be negative, while its impact on the price will be positive.
As for the price, we saw how the approval of the Bitcoin ETF led to a huge rise before Halving, and the reason is that these companies gave wide access to Bitcoin even for ordinary people who know nothing about Bitcoin and find buying stocks much easier.
As for accepting Bitcoin as a currency, on the contrary, Bitcoin ETF does not give you any Bitcoin, but rather gives you shares in a central company under government control. This means that the companies under government control are the ones that buy Bitcoin, and you only buy shares from these companies and do not own any real Bitcoin in your wallet. Therefore, it is clear that its impact is very negative in this direction.
Topic: Bitcoin ETF good or bad? - page 3. (Read 807 times)
The approval of Bitcoin ETF is also the first step for governments to think more seriously about having new regulations and laws specifically for this market. I think having clear regulations and laws from governments is not a bad thing, and it is necessary for this market to grow stronger. Clear regulations and laws will create a more legal and safer environment for traditional investors to pour money into this market.
However, with regulations, Bitcoin holders and investors may more or less be managed by the government. This is inevitable as Bitcoin is like other regulated assets. Buying and selling will be subject to taxes and other regulations, but how to hold it is still up to us to decide. At the present time and in the near future, if you store Bitcoin in personal wallets, I think there will still be no problem. In the more distant future there may be stricter regulations regarding personal storage wallets, forcing users like us to use storage services created by governments or large organizations, but that story requires more time and I think hasn't happened yet in this cycle.
However, with regulations, Bitcoin holders and investors may more or less be managed by the government. This is inevitable as Bitcoin is like other regulated assets. Buying and selling will be subject to taxes and other regulations, but how to hold it is still up to us to decide. At the present time and in the near future, if you store Bitcoin in personal wallets, I think there will still be no problem. In the more distant future there may be stricter regulations regarding personal storage wallets, forcing users like us to use storage services created by governments or large organizations, but that story requires more time and I think hasn't happened yet in this cycle.
I think the ETFs are only just getting started and I for one wouldn’t be surprised if we see record breaking deposits from all the folks who want the ability to buy into Bitcoin without assuming much risk. The ETFs are a great way to get exposure but a bad way to promote liquidity and freedom with your coins.
I think etfs are a great way to expose a lot of people to crypto and basically ease them into the community. Eventually though I think they might consider throwing away etf and just investing in bitcoin directly as it has plenty of advantages compared to etfs.
Beginners might just want to get into etfs first as they do not want to directly interact and manage with many risks that come with investing in bitcoin.
It gives more confidence to people in the traditional investment world, they see it as a badge of approval from government and regulators, which is positive. At the same time it could mean that Bitcoin trading ecosystem could be under more scrutiny, and again there are some positives to it, like it could reduce price manipulation, but also it would mean less privacy and less freedom for those who use large exchanges and large services.
Hello,friends
How do you think the Bitcoin ETF approval will affect bitcoin and cryptocurrencies in general in the future?
Will it trigger the development and acceptance of bitcoin as a new currency and investment instrument or will it drive us more and more under the control of governments?
-Regards
Interesting question! The approval of a Bitcoin ETF could definitely have far-reaching effects. Will it pave the way for wider acceptance of cryptocurrencies as legitimate investment options? Or will it lead to increased government oversight and control? How do you think the Bitcoin ETF approval will affect bitcoin and cryptocurrencies in general in the future?
Will it trigger the development and acceptance of bitcoin as a new currency and investment instrument or will it drive us more and more under the control of governments?
-Regards
I think Bitcoin ETFs will give large centralized financial institutions more control to manipulate the Bitcoin volatility. We now find that huge pension funds are also investing in Bitcoin ETFs and we know they are very trigger happy.
The slightest drop in the price, will cause them to dump Bitcoin ETFs for something else and this will have a huge ripple affect in the market.
So we might see wild volatility in the price, when those fund managers pull investments from ETFs.
The slightest drop in the price, will cause them to dump Bitcoin ETFs for something else and this will have a huge ripple affect in the market.
So we might see wild volatility in the price, when those fund managers pull investments from ETFs.
#1, if the ETFs price is lower than the real coin, it means when the real coin price increase, the ETFs price will increase but still lower than the real coin. This means no benefit.
#2, this is really misleading.
Quote from: https://www.sec.gov/about/reports-publications/investor-publications/introduction-mutual-funds
Mutual funds and ETFs are not guaranteed or insured by the FDIC or any other government agency—even if you buy through a bank and the fund carries the bank’s name. You can lose money investing in mutual funds or ETFs.
#3, #4 and #5 those aren't benefit, centralized exchanges can do same.
Investing in ETFs is a stupid choice since you need to pay 2% annually, while simply hold Bitcoin will cost nothing.
An investor gets the benefit of Bitcoin trading without any trading account. However, people are still not fully aware of Bitcoin but when they know about Bitcoin ETF, many people are increasing their investment out of curiosity. We should know first what is bitcoin ETF? Bitcoin ETF trading mainly allows a trader to gain exposure to Bitcoin without owning the cryptocurrency that almost everyone knows. We know that ETFs play an important role in Bitcoin price growth. By this ETF, the SEC has introduced the tracking system. Trading on a centralized exchange platform and this ETF trading have some similarities where tracking is an easy way. But considering various factors ETFs have some negative and positive aspects.
There's good and bad that come from it, but if we are to be pedantic about Bitcoin, I should say it is generally bad. With spot Bitcoin ETFs, the emphasis on peer-to-peer is gone. The emphasis on a trustless system that eschews third parties is forgotten. The features which make Bitcoin revolutionary; decentralization, freedom, independence, ownership, control, and so on and so forth are set aside. Without all these, Bitcoin isn't Bitcoin anymore. The Bitcoin in spot Bitcoin ETF isn't money. Strictly speaking, Bitcoin in spot Bitcoin ETFs isn't Bitcoin at all.
Perhaps bitcoin ETFs somewhat overshadow the features that make bitcoin special but I think even without bitcoin ETFs, those things would have happened sooner or later. The simple reason is because bitcoin is considered a speculative asset rather than a currency, and this was before the emergence of ETFs. Once it is called investing, profit will be the top priority, not too many people will be interested in other features of bitcoin. Looking at the growth of centralized services and centralized exchanges speaks for itself, and the fact that bitcoin has become more centralized is not entirely the fault of ETFs.
I am not sure if it was a good idea. ETF gave btc the legitimacy it needed but on the other hand it also institutionalized btc and that’s not a good thing because there are regulations everywhere and no business lets you use btc without doing a KYC check anymore. This happened because of the ETF. Btc was more free before the regulations because the govs didn’t know what to do with it. They are regulating it now and these regulations are everything against the ideals of crypto currencies which is having freedom.
How do you think the Bitcoin ETF approval will affect bitcoin and cryptocurrencies in general in the future?
Well it depends on which perspective you want to look at it.Many are against etf for there is now a higher possibility of manipulation of the market with big investors coming in. On the other hand, we have seen what it did to the price of bitcoin just a month ago. I think definitely it has its own pros and cons.
The Bitcoin ETF sure seems like a huge development thats for certain. It will probably drive up interest and prices of not just Bitcoin itself but crypto overall given it adds legitimacy in the view of everyday investors versus the niche internet crowd cryptos largely stuck with up until now. But the prospect of growing government regulation down the road is dicey, no doubt about it. We just dont know if lawmakers will clamp down with restrictions or how soon it may happen if so - not a whole lot anyone can do preventatively if regulations get passed ultimately. Such is the world we live in.
The ETFs are just the start, can you imagine in 5-10 years time where we will be with Bitcoin regulation wise & adoption wise? I think the ETFs are only just getting started and I for one wouldn’t be surprised if we see record breaking deposits from all the folks who want the ability to buy into Bitcoin without assuming much risk. The ETFs are a great way to get exposure but a bad way to promote liquidity and freedom with your coins.
Bitcoin ETF good or bad? Well i would say that everything has 2 side the good and the bad one Proponents argue they could bring more mainstream adoption and liquidity to the cryptocurrency market. However, critics raise concerns about potential market manipulation and increased speculative trading. So this is that come up after I do google search.
So the point is in good side we probably gonna see more adoption in crypro especially bitcoin and i heard that other countries is also start adopting bitcoin etf aswell if this true we are gonna see more.major institution start to invest and crypto and bring the price could be higher
And the bad side is bitcoin most likely gonna related with real world event like economic decisions and price manipulation
So the point is in good side we probably gonna see more adoption in crypro especially bitcoin and i heard that other countries is also start adopting bitcoin etf aswell if this true we are gonna see more.major institution start to invest and crypto and bring the price could be higher
And the bad side is bitcoin most likely gonna related with real world event like economic decisions and price manipulation
How do you think the Bitcoin ETF approval will affect bitcoin and cryptocurrencies in general in the future?
Well it depends on which perspective you want to look at it.Many are against etf for there is now a higher possibility of manipulation of the market with big investors coming in. On the other hand, we have seen what it did to the price of bitcoin just a month ago. I think definitely it has its own pros and cons.
Quote
Will it trigger the development and acceptance of bitcoin as a new currency and investment instrument or will it drive us more and more under the control of governments?
The btc etf definitely serves more centralization than most would need and while it does help in the process of the public adopting btc there is a higher risk of government regulations. 
Hello,friends
How do you think the Bitcoin ETF approval will affect bitcoin and cryptocurrencies in general in the future?
Will it trigger the development and acceptance of bitcoin as a new currency and investment instrument or will it drive us more and more under the control of governments?
-Regards
Bitcoin ETF has been approved for almost 3 months and it has also had an impact on bitcoin as well as the cryptocurrency market, I think you can also feel for yourself whether it is positive or negative. How do you think the Bitcoin ETF approval will affect bitcoin and cryptocurrencies in general in the future?
Will it trigger the development and acceptance of bitcoin as a new currency and investment instrument or will it drive us more and more under the control of governments?
-Regards
To me, the bitcoin ETF brings more positive effects than negative because the concept of bitcoin has become more popular and familiar to many people since the bitcoin ETF was approved. But even if it does have a negative impact on bitcoin, is there anything we can do to stop it? No, we cannot stop the government from doing anything.
Hello,friends
How do you think the Bitcoin ETF approval will affect bitcoin and cryptocurrencies in general in the future?
That gives more investors confidence that they're investing with some of a portfolio manager or brokers than investing directly and holding Bitcoin. That works for them but not for the most of us.How do you think the Bitcoin ETF approval will affect bitcoin and cryptocurrencies in general in the future?
Will it trigger the development and acceptance of bitcoin as a new currency and investment instrument
-Regards
I'd see it with more acceptance of Bitcoin as a store of value and investment but not with being a currency for which is the main reason why satoshi made Bitcoin.-Regards
will it drive us more and more under the control of governments?
No, only the brokers, financial institutions are subject to control but not actually Bitcoin nor us. 
There's good and bad that come from it, but if we are to be pedantic about Bitcoin, I should say it is generally bad. With spot Bitcoin ETFs, the emphasis on peer-to-peer is gone. The emphasis on a trustless system that eschews third parties is forgotten. The features which make Bitcoin revolutionary; decentralization, freedom, independence, ownership, control, and so on and so forth are set aside. Without all these, Bitcoin isn't Bitcoin anymore. The Bitcoin in spot Bitcoin ETF isn't money. Strictly speaking, Bitcoin in spot Bitcoin ETFs isn't Bitcoin at all.
They will surely increase the acceptance rate because companies such as Blackrock that have their ETFs approved will have a lot of customers making investments with them which is the reason why these companies have bought so many Bitcoins recently. The customers these companies get or have are the ones who are always doubtful about Bitcoin and its existence but are also willing to invest in it. So instead of buying Bitcoin directly, they make their investments through these companies. So when it comes to acceptance, I also believe that ETFs will increase that in the future.
When it comes to the government and control, ETFs are not always under the control of the governments, but it is true that it is a centralized mode of investment which means that you are giving away your personal information to a private and centralized company which isn't the case if you are investing in Bitcoin directly and buying through a decentralized platform such as Bisq.
When it comes to the government and control, ETFs are not always under the control of the governments, but it is true that it is a centralized mode of investment which means that you are giving away your personal information to a private and centralized company which isn't the case if you are investing in Bitcoin directly and buying through a decentralized platform such as Bisq.
Already affective with Bitcoin ETF bring positive side and bitcoin success make new ATH, but ETF Bitcoin can't controlling with bitcoin transaction depend on holder of bitcoin each self. But have other bad side with ETF bitcoin where government have a lot of controlling with some bitcoin wallet after many platform wallet seized by government due money laundering issues depend is true or not. I think in the future when ETF Bitcoin will make many problem and giving bad side for bitcoin its self although bitcoin can't manage by any community of countries but most of holder scared when government sharing bad news about bitcoin.
In future, just want to see ETF not try to make FUD by seized many top exchange without acceptable reason such as money laundering after several exchange got cases from Binance CEO until last market with Kucoin.
In future, just want to see ETF not try to make FUD by seized many top exchange without acceptable reason such as money laundering after several exchange got cases from Binance CEO until last market with Kucoin.
What date is it? it is January 10, 2024? come one, it's already May 4, 2024 which is almost 4 months after SEC approving ETFs!
As we can see even just in 4 months, we already see few bad news about Bitcoin, the government seized a non custodial wallet that offer privacy tools i.e. Samourai Wallet and US will tax Bitcoin miners. What might happen in the future? we might see government force people to use CEX, file your full crypto holdings, and only use address that you had submitted if the address is belong to you.
The conclusion Bitcoin ETFs is bad.
As we can see even just in 4 months, we already see few bad news about Bitcoin, the government seized a non custodial wallet that offer privacy tools i.e. Samourai Wallet and US will tax Bitcoin miners. What might happen in the future? we might see government force people to use CEX, file your full crypto holdings, and only use address that you had submitted if the address is belong to you.
The conclusion Bitcoin ETFs is bad.
Jump to: