I think that the fear of getting ripped off (FOGRO) will be far more deterministic than the fear of missing out (FOMO). The poker industry was a great example: At first many played, but as player's skill advanced and technology began to be utilized that allowed real time statistical analysis and "bum hunting" software became available, new money became more scarce and old money began moving out. Bitcoin is following the same curve.
Ripped off in what sense?
It'll never reach proper success unless there are ever more no brainer ways of handling it. Things like a proper ETF deal with that problem at source.
ETF (if and when it happens) is a complete and utter antithesis to whatever bitcoin stands for, which is your own control of your funds/property.
ETF can be hypothecated and rehypothecated over and over, creating a gigantic pile of paper on the top of an asset.
It happened in gold and that paper controls golds price, NOT vice versa.
Initially, it could be good for a 400% gain, which is where I will sell if ETF ever comes to fruition.
