Google is preparing for Spot Bitcoin ETF

Bananington

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Quote from: _BlackStar on December 17, 2023, 06:58:26 PM

Quote from: Fiatless on December 12, 2023, 11:02:13 AM

In anticipation of the approval of Bitcoin ETF, Google is adjusting its guidelines for crypto-related products. Before now Google had been very strict on crypto-related advertising on the platform because of concerns for fraud and misleading promotion. However, it seems they are gradually adjusting these policies to reflect the increased mainstream or institutional adoption of Bitcoin.

From January 2024 Google will allow adverts on financial products that allow investors to trade shares in trusts holding large pools of digital currency known as "Cryptocurrency Coin Trusts". With this change in policy crypto coin trusts could run ads on Google provided they register with the SEC. This subtle adjustment of ads policy is an indication that they are preparing for Spot Bitcoin ETF.

This is good news that needs to be welcomed. In the end, bitcoin and cryptocurrency will win the battle because of the high public interest in them. Adjustments may not only be made by Google - but governments will also make adjustments that may be beneficial. There's no point in banning this emerging bitcoin - in fact I don't think it makes sense that if someone attacks bitcoin with all the ammunition they have, it won't be completely successful.

If a spot bitcoin ETF is approved in 2024 - then I firmly believe that the real use cases and adoption of bitcoin will really increase tremendously. The government just needs to regulate it - not ban it.

This is all set to embrace decentralized currency. I wonder however if this is how the new world order takes shape?
It's good to see other web companies accept the existence of BTC and cryptocurrencies and are upgrading their softwares and apps to accommodate the BTC ETF soon to be launched.

_BlackStar

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Quote from: Fiatless on December 12, 2023, 11:02:13 AM

In anticipation of the approval of Bitcoin ETF, Google is adjusting its guidelines for crypto-related products. Before now Google had been very strict on crypto-related advertising on the platform because of concerns for fraud and misleading promotion. However, it seems they are gradually adjusting these policies to reflect the increased mainstream or institutional adoption of Bitcoin.

From January 2024 Google will allow adverts on financial products that allow investors to trade shares in trusts holding large pools of digital currency known as "Cryptocurrency Coin Trusts". With this change in policy crypto coin trusts could run ads on Google provided they register with the SEC. This subtle adjustment of ads policy is an indication that they are preparing for Spot Bitcoin ETF.

This is good news that needs to be welcomed. In the end, bitcoin and cryptocurrency will win the battle because of the high public interest in them. Adjustments may not only be made by Google - but governments will also make adjustments that may be beneficial. There's no point in banning this emerging bitcoin - in fact I don't think it makes sense that if someone attacks bitcoin with all the ammunition they have, it won't be completely successful.

If a spot bitcoin ETF is approved in 2024 - then I firmly believe that the real use cases and adoption of bitcoin will really increase tremendously. The government just needs to regulate it - not ban it.

icalical

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Quote from: NotATether on December 14, 2023, 08:09:18 AM

Quote from: icalical on December 14, 2023, 05:37:27 AM

I never think that Google is opposed to Bitcoin, they just have big responsibilities toward their massive and extremely diverse users

They have big responsibilities towards their massive shareholders to make profits.

Well, that's also true, they are a 'for profit business' after all, not a non-profit, so from that point of view opening channel for Crypto business that is still emerging nowadays to use their platform, will significantly surging their profits. Also in that sense, there is a possibility that Google will back to ban crypto ads when the market is bad, they have done this before I think.

Altryist

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Quote from: KingsDen on December 15, 2023, 03:09:48 PM

I remember I have read in the past when google declared a total ban in cryptocurrency related projects, articles, advertisement and more. But I do not remember when they gradually ease off some bans. That is common with Bitcoin. Even some countries who initially issued a total ban on bitcoin in recent years have revisited their decisions.

One thing I noticed about google is their gross inconsistency and about their personal gain. They actually do not protect the people, if not they would have been paying their customers some dividends for using their data for commercial purposes for many years. The reason the war was severe was because they didn't understand the essence of bitcoin decentralisation. They thought it would interfere in their business. Now that the unbiased purpose of bitcoin and cryptocurrency is gradually sinking into the society, there's need for readjustment.

Perhaps this is just one way to add positivity for the further growth of Bitcoin. All these bans were in a bear market, which in turn brought negativity and subsequently contributed to the fall of the market, now that everything has changed and Bitcoin has begun to grow, they are trying to support it with positive news. Who can say why Google decided to make this decision now and allow advertising to be shown again? For me this is not just a coincidence.

tygeade

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Quote from: davis196 on December 15, 2023, 07:15:10 AM

Investors buying shares in crypto coin trusts? Sounds like some centralized sh*t to me. It's like we are back in 2017, or back in the "Bitcoin futures trading era" as I like to call it. Investors don't need financial derivatives, they should buy BTC directly.
Anyway, Google can advertise whatever they want. I don't know about a clear correlation between this change of the Google Ads policy and the Bitcoin ETF approval. I don't believe that some high tier Google executives have insider information about SEC approving the Bitcoin Spot ETF.

I think it is as centralized as it gets and yet some people trust that a lot more. If you are a company with 150 billion in investments (not your money, that's what people gave you to invest) then you are going to not use binance or coinbase to buy bitcoin.

But, you would be willing to buy some blackrock Bitcoin ETF to make sure that you are protected. Obviously that's not what anyone really wants, obviously they would not prefer if someone else holds their bitcoin, they would love to hold their own coins but the risk that comes with it is huge. If you own your own bitcoins and you end up losing it all, then it's your problem, but if blackrock holds your coins and they lose it, then you share the problem with them.

AprilioMP

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Quote from: KingsDen on December 15, 2023, 03:09:48 PM

One thing I noticed about google is their gross inconsistency and about their personal gain. They actually do not protect the people, if not they would have been paying their customers some dividends for using their data for commercial purposes for many years.

Their inconsistency and only thinking about personal gain can be felt in the vulnerability of the applications available on the play store. Whether this can be attributed to their intention of only thinking about personal gain, I don't really understand. If it's wrong, please correct it.

They should improve security there when many users download applications directly from the Play Store, not from the official website.

Quote from: KingsDen on December 15, 2023, 03:09:48 PM

The reason the war was severe was because they didn't understand the essence of bitcoin decentralisation. They thought it would interfere in their business. Now that the unbiased purpose of bitcoin and cryptocurrency is gradually sinking into the society, there's need for readjustment.

I think they understand the essence of Bitcoin's decentralization and I also think that they also understand how positive and negative Bitcoin impacts their business.

Maybe because they understand more than us, they, as large companies and have quite a large amount of access, easily convince their users with frames that make it seem like advertising cryptocurrency and Bitcoin is like a scam.
This time I also ask for correction if I am wrong and not subjective.

darkangel11

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Quote from: davis196 on December 15, 2023, 07:15:10 AM

Investors buying shares in crypto coin trusts? Sounds like some centralized sh*t to me. It's like we are back in 2017, or back in the "Bitcoin futures trading era" as I like to call it. Investors don't need financial derivatives, they should buy BTC directly.
Anyway, Google can advertise whatever they want. I don't know about a clear correlation between this change of the Google Ads policy and the Bitcoin ETF approval. I don't believe that some high tier Google executives have insider information about SEC approving the Bitcoin Spot ETF.

That's what ETFs are - a centralized shit, and yes, you can say shit in here. I've never had posts containing mildly vulgar words like shit or ass removed. Even little kids use these words these days.
Anyway, some people need this centralized shit to be able to invest due to their company's policies, which is we shouldn't say no to centralization that wants to enter the market fair and square. If a bitcoiner wants centralized services, he should be able to choose. Some people will say that it's against Satoshi's vision, but we aren't obliged to follow his vision. It's not a cult of Satoshi. If you bought bitcoin on the free market, you can do whatever you choose with it. If you want to "destroy" it, you can. If you want to give it away, you can. If you want to buy an IOU signed by BlackRock or Fidelity, next year you'll be able to.
Google is a business, they can't say no to money and BlackRock is money.

KingsDen

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Quote from: AprilioMP on December 13, 2023, 12:11:52 PM

Quote from: KingsDen on December 12, 2023, 03:09:53 PM

Google knows it's time to readjust because bitcoin is no longer a new player in the industry. Perhaps, they were waiting for adoption and ETF is the perfect signal of mass adoption they have been waiting for.

I can imagine how great they are at playing business strategies in taking advantage of every available opportunity.

Ahead of the Bitcoin halving, sources say they are making silent revisions. I paused for a moment and tried to dig out some news about Google banning advertising of all cryptocurrencies. It turns out that Google has banned crypto advertising several times, such as in 2018 and the moment is almost similar to the current situation when Bitcoin strengthened to reach its highest price.

I remember I have read in the past when google declared a total ban in cryptocurrency related projects, articles, advertisement and more. But I do not remember when they gradually ease off some bans. That is common with Bitcoin. Even some countries who initially issued a total ban on bitcoin in recent years have revisited their decisions.

One thing I noticed about google is their gross inconsistency and about their personal gain. They actually do not protect the people, if not they would have been paying their customers some dividends for using their data for commercial purposes for many years. The reason the war was severe was because they didn't understand the essence of bitcoin decentralisation. They thought it would interfere in their business. Now that the unbiased purpose of bitcoin and cryptocurrency is gradually sinking into the society, there's need for readjustment.

gunhell16

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Quote from: Fiatless on December 12, 2023, 11:02:13 AM

In anticipation of the approval of Bitcoin ETF, Google is adjusting its guidelines for crypto-related products. Before now Google had been very strict on crypto-related advertising on the platform because of concerns for fraud and misleading promotion. However, it seems they are gradually adjusting these policies to reflect the increased mainstream or institutional adoption of Bitcoin.

From January 2024 Google will allow adverts on financial products that allow investors to trade shares in trusts holding large pools of digital currency known as "Cryptocurrency Coin Trusts". With this change in policy crypto coin trusts could run ads on Google provided they register with the SEC. This subtle adjustment of ads policy is an indication that they are preparing for Spot Bitcoin ETF.

It looks like Google is preparing this Bitcoin ETF, in my opinion, and they are not late to the news that will happen with the Bitcoin spot ETF; they know that there will be a rise in the price of Bitcoin in the coming year 2024.

And I also think that this Google owner also has Bitcoin holdings, based on my observation and assessment. A lot of people are now expecting a high Bitcoin price value in the market, and it is not surprising that the big companies are now slowly turning their attention to Bitcoin.

dezoel

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I feel like that would be quite important, after all seeing bitcoin as something at the highest end of legality with ETF means that google has to approach this a lot differently. Surely there are scams in the crypto world but there are scams in the fiat world as well, scam world did not started in 2008, there were many scams before that and before bitcoin was even created, which is why we should be careful about it.

I understand that we are not going to end up with anything that should be profitable, we should be considering this situation as normal. Google must take the needed steps to make sure that they are basically supporting bitcoin at all times and they are considering it as legal as it can possibly can at this point.

davis196

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Quote from: Fiatless on December 12, 2023, 11:02:13 AM

In anticipation of the approval of Bitcoin ETF, Google is adjusting its guidelines for crypto-related products. Before now Google had been very strict on crypto-related advertising on the platform because of concerns for fraud and misleading promotion. However, it seems they are gradually adjusting these policies to reflect the increased mainstream or institutional adoption of Bitcoin.

From January 2024 Google will allow adverts on financial products that allow investors to trade shares in trusts holding large pools of digital currency known as "Cryptocurrency Coin Trusts". With this change in policy crypto coin trusts could run ads on Google provided they register with the SEC. This subtle adjustment of ads policy is an indication that they are preparing for Spot Bitcoin ETF.

Investors buying shares in crypto coin trusts? Sounds like some centralized sh*t to me. It's like we are back in 2017, or back in the "Bitcoin futures trading era" as I like to call it. Investors don't need financial derivatives, they should buy BTC directly.
Anyway, Google can advertise whatever they want. I don't know about a clear correlation between this change of the Google Ads policy and the Bitcoin ETF approval. I don't believe that some high tier Google executives have insider information about SEC approving the Bitcoin Spot ETF.

SeriouslyGiveaway

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We've been witnessing everyone turning their attention to Bitcoin ETF since the middle of the year, and I believe it will soon be approved; that's inevitable. Therefore, organizations as well as major platforms are racing to catch up with this trend. In just a few weeks, there will be an official decision from the SEC, and everyone is eager to get ahead, ensuring they are prepared when the ETF is approved.

Google, being a major platform, naturally cannot stand aside from this game. I believe that when the ETF is approved, major platforms like Google will massively promote and popularize Bitcoin and this market. We will witness a strong wave of participation from new entrants, potentially the largest we've seen so far.

NotATether

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Quote from: Fiatless on December 12, 2023, 11:02:13 AM

In anticipation of the approval of Bitcoin ETF, Google is adjusting its guidelines for crypto-related products. Before now Google had been very strict on crypto-related advertising on the platform because of concerns for fraud and misleading promotion. However, it seems they are gradually adjusting these policies to reflect the increased mainstream or institutional adoption of Bitcoin.

Allowing ETF advertising is the right decision, but my god, Google are very inconsistent when it comes to advertising.

They ban ICOs and other coin advertisements, which is good, but they don't ban scams in cryptocurrency, or basically anything else that tells them to send them some bitcoin to get it doubled or anything like that.

Quote from: icalical on December 14, 2023, 05:37:27 AM

I never think that Google is opposed to Bitcoin, they just have big responsibilities toward their massive and extremely diverse users

They have big responsibilities towards their massive shareholders to make profits.

icalical

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I never think that Google is opposed to Bitcoin, they just have big responsibilities toward their massive and extremely diverse users, they can't just carelessly let crypto place ads while there are some people that are not really educated about crypto and investment, and these people is more vulnerable to fraud. More than that Google has maintain their closer relationship with many governments around the world, when the Bitcoin regulation is getting Better, Google will finally let Crypto and Bitcoin on their platform.

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I haven't found any direct google links or statements regarding this. I'm sure Google's attitude is still the same as before. There may be little progress in searches related to crypto, bitcoin or bitcoin etf in google searches considering the recent rise in Bitcoin prices. The increase in the percentage of searches on Google is very natural because we are entering the fomo and Bitcoin bullish phase.

And what is surprising to me, every time Google enters a bullish phase, through several news rumors, they say they support bitcoin and crypto ads, but when the bearish period starts, they will announce that they are banning crypto and bitcoin. is this a sign?

Dave1

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Quote from: Fiatless on December 12, 2023, 11:02:13 AM

In anticipation of the approval of Bitcoin ETF, Google is adjusting its guidelines for crypto-related products. Before now Google had been very strict on crypto-related advertising on the platform because of concerns for fraud and misleading promotion. However, it seems they are gradually adjusting these policies to reflect the increased mainstream or institutional adoption of Bitcoin.

From January 2024 Google will allow adverts on financial products that allow investors to trade shares in trusts holding large pools of digital currency known as "Cryptocurrency Coin Trusts". With this change in policy crypto coin trusts could run ads on Google provided they register with the SEC. This subtle adjustment of ads policy is an indication that they are preparing for Spot Bitcoin ETF.

Although this is a good indication, I think Google has been adjusting as far as crypto goes, if I'm not mistaken, since 2018 or prior to the pandemic, they have making some adjustments already like in advertising.

However, the platform we could say is still full of scammers and fraud as this criminals can still hide and there are still gullible newbies falling for this kind of trick since they've seen it in Youtube. So maybe we can take this so called adjustment in their guidelines for crypto-related projects, but still the bigger picture is that they have to be strict as well with contents that relates to fraud.

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Hopefully it’s a sign that it is very likely that the SEC will soon approve Spot ETF’s. We’ve been waiting years for them to become a reality. It will bring in so much capital, the price of Bitcoin will soar over the next 10 years. Those of us who have been holding for many years deserve it. Google won’t want to harm themselves by continuing to ignore Bitcoin so this is a good move by them.

AprilioMP

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Quote from: KingsDen on December 12, 2023, 03:09:53 PM

Quote from: AprilioMP on December 12, 2023, 11:28:18 AM

✂️

I do not actually understand google and some of their advertisement policies against cryptocurrency. I remember that I have downloaded some scam apps from play store and got scammed. Why won't google scrutinize such projects and determine that they are scam if they be such strict.

My knowledge is still limited and I feel that your thoughts are right, they should revise how to actively handle fraudulent applications so that users don't experience losses while using the Play Store.

Quote from: KingsDen on December 12, 2023, 03:09:53 PM

Google knows it's time to readjust because bitcoin is no longer a new player in the industry. Perhaps, they were waiting for adoption and ETF is the perfect signal of mass adoption they have been waiting for.

I can imagine how great they are at playing business strategies in taking advantage of every available opportunity.

Ahead of the Bitcoin halving, sources say they are making silent revisions. I paused for a moment and tried to dig out some news about Google banning advertising of all cryptocurrencies. It turns out that Google has banned crypto advertising several times, such as in 2018 and the moment is almost similar to the current situation when Bitcoin strengthened to reach its highest price.

mv1986

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Quote from: Fiatless on December 12, 2023, 11:02:13 AM

In anticipation of the approval of Bitcoin ETF, Google is adjusting its guidelines for crypto-related products. Before now Google had been very strict on crypto-related advertising on the platform because of concerns for fraud and misleading promotion. However, it seems they are gradually adjusting these policies to reflect the increased mainstream or institutional adoption of Bitcoin.

From January 2024 Google will allow adverts on financial products that allow investors to trade shares in trusts holding large pools of digital currency known as "Cryptocurrency Coin Trusts". With this change in policy crypto coin trusts could run ads on Google provided they register with the SEC. This subtle adjustment of ads policy is an indication that they are preparing for Spot Bitcoin ETF.

What's more interesting about your observation is that it could be in anticipation of many things besides the approval of an ETF. I think a lot of corporations and institutions have now finally understood that Bitcoin will stay around and it will probably play an important role in many applications as we have only been scratching the surface of Bitcoin's potential for a long time. I like to mention what the US Space Force Major said about Bitcoin's role for national security in regards to decentralized data storage and security. If they understand Bitcoin's potential at least vaguely, I am sure that Google is onto it as well and I guess nobody would be surprised if they launch services of some type relating to Bitcoin anytime soon.

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Quote from: Apocollapse on December 13, 2023, 05:55:51 AM

It just a gimmick, what about gambling promotion? it happens anywhere on all social medias that Mark's own. Shame to see a big companies who have a lot money and workers can't combat against everything that broke their rules.

What I know they're did something controversy in Instagram where they take down or censoring people who use Palestine's flag.

Gambling promotions seem to be quite common on meta, especially on Instagram, which is very massive with ads that appear on the homepage.
Mark doesn't really filter that, but when it comes to crypto it seems to always have to be tightened up and shouldn't get away with it.

Yes, especially with the Palestinian flag being censored, but now it seems that it is no longer censored.
But remember that Meta also allows LGBT flags to be free to run on meta, even supported.

Topic: Google is preparing for Spot Bitcoin ETF (Read 414 times)