Topic: Why we want btc etf and bakkt? - page 3. (Read 854 times)
I think we want bitcoin in ETF and BAKKT because both opening the door for big investor and institutional investor. If SEC approve ETF and BAKKT start bitcoin trading, i am believe billions dollar money will come to cryptomarket and makes crypto price rising
ETF and bakkt will bring bitcoin and blockchain technology to mainstream and that is why we really need it. If we want to see blockchain technology used as a mode of payment and a store of value then we need it to get ETF approval.
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agree. Its not about the price hike but its about being legal . many people will leave their doubts if they see that cryptos were now backed by a reputable organizations . the price increase that cryptos may possibly get is only an incentives .
But even if bakkt and etf wont agree on their plans . cryptos can still grow on their own because regular investors will always support them until the end .
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agree. Its not about the price hike but its about being legal . many people will leave their doubts if they see that cryptos were now backed by a reputable organizations . the price increase that cryptos may possibly get is only an incentives .
But even if bakkt and etf wont agree on their plans . cryptos can still grow on their own because regular investors will always support them until the end .
For all of those saying that it is impossible ... whales from WS wont allow that, SEC wont allow that and other shittalk - https://dx.exchange/ (registrated in estonia)opens in 3 days and will allow to buy google, facebook and amazont tokens backed 1:1 by oryginal shares. I dont know if their are legit or no. I will definitly not use them. They need to gain trust and exist at liest for 1 year to deserve my money. But i post it here to show you guys that it is possible and it is happening. Soonly we wont needetf and bakkt. Wall street guys will need Us.
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agree. Its not about the price hike but its about being legal . many people will leave their doubts if they see that cryptos were now backed by a reputable organizations . the price increase that cryptos may possibly get is only an incentives .
But even if bakkt and etf wont agree on their plans . cryptos can still grow on their own because regular investors will always support them until the end .
Everyone talks about how bakkt and etf would make the price go up but thats not the thing I am looking for. ETF and Bakkt would make bitcoin look like it is a professional investment option like buying gold or stocks and what not instead of making it this new technoscam type thing some of the older investors talk about.
I am not mad at them they are 70+ years old and they have invested into stuff like coca cola and gillette and newspapers because they knew those business' would continue forever and was a decent investment chance and they do not understand what makes bitcoin have any value at all. However with this ETF and Bakkt we will be putting our hat into the ring and telling those exact people that we do have a value and we are here to stay, not going be this kid savings type deal but a couple trillion dollar giant.
I am not mad at them they are 70+ years old and they have invested into stuff like coca cola and gillette and newspapers because they knew those business' would continue forever and was a decent investment chance and they do not understand what makes bitcoin have any value at all. However with this ETF and Bakkt we will be putting our hat into the ring and telling those exact people that we do have a value and we are here to stay, not going be this kid savings type deal but a couple trillion dollar giant.
more the institutional investors helps cryptocurrency to increase their market cap even it is Etf or else bakkt and fidelity or Nasdaq all the financial institutions bring market cap
ETF and bakkt will bring bitcoin and blockchain technology to mainstream and that is why we really need it. If we desire to see blockchain technology been use as a mode of payment and a store of value then we need it to get ETF approval. I don't think we should be able to get the 2 at the same time because it needs to be spreaded for us to be able to maximize it impacts on the market.
ETF and BAKKT will bring large investor to this crypto market.crypto demand and market capitalization will rise alot, and actually this is needed by crypto market to make all currency recovered.
ETF and bakkt will bring bitcoin and blockchain technology to mainstream and that is why we really need it. If we desire to see blockchain technology been use as a mode of payment and a store of value then we need it to get ETF approval. I don't think we should be able to get the 2 at the same time because it needs to be spreaded for us to be able to maximize it impacts on the market.
ETF and BAKKT will bring large investor to this crypto market.crypto demand and market capitalization will rise alot, and actually this is needed by crypto market to make all currency recovered.Some services have tried to simulate that using crypto-backed contract for difference (CFD) schemes. Unfortunately, you need to be a licensed broker-dealer to do it legally. 1Broker got shut down by the SEC a few months ago for letting people bet on stocks with BTC collateral.
I think we'll see what you're talking about in the next 5-10 years: sanctioned equity tokenization where licensed broker-dealers are selling tokens to investors instead of fly-by-night altcoin exchanges. I think that was Circle's plan when they acquired Poloniex.
I think we'll see what you're talking about in the next 5-10 years: sanctioned equity tokenization where licensed broker-dealers are selling tokens to investors instead of fly-by-night altcoin exchanges. I think that was Circle's plan when they acquired Poloniex.
Sec can ban only those companies registered in US. For sure malta wont see any trubble with that
Malta is know as country following big money istead of shittalk "crypto is bad and dangerous, lets wait and see what will future show". Thats why big crypto exchanges are moving to Malta ... like binance.The SEC targets offshore companies if they offer services to American customers. The owner of 1Broker lived in Austria and they had servers in multiple non-US jurisdictions, yet they were shut down by the SEC just like an American company. The American government has a very far reach. I wouldn't count on Malta to stop them!
Your vision is very impressive but i don't think it may happen
Binance in not licensed exchange even
Biggest SEC objection is that bitcoin is traded and manipulated on unlicensed exchanges
We have very small chances that ETF will be approved that time
Other thing is Bakkt what will work a little like ETF but the best thing in Bakkt will be real bitcoin use not only derivatives
If it will be done well than it can help to stabilize market
In a case of Crypto and Stocks bridge we will have Fidelity what will pave the way to integrate crypto with stocks market.But it is all very beginning
Binance in not licensed exchange even
Biggest SEC objection is that bitcoin is traded and manipulated on unlicensed exchanges
We have very small chances that ETF will be approved that time
Other thing is Bakkt what will work a little like ETF but the best thing in Bakkt will be real bitcoin use not only derivatives
If it will be done well than it can help to stabilize market
In a case of Crypto and Stocks bridge we will have Fidelity what will pave the way to integrate crypto with stocks market.But it is all very beginning
[...]
Look at this:
- HitBTC scam!
- b-ex.io Exchange is exit scammed
I could post many cases that show that our exchanges provide low quality services and have no responsibilities with their customers, and you should ask yourself why? because they are exchanges that are not regulated by the government, they are exchanges created by anonymous people. How do you expect many countries to look well for bitcoin when we have these kind of exchanges and these bad behaviors?
We need BAKKT and many other institutional investors regulated by governments to give bitcoin more legitimacy and to encourage governments to legalize bitcoin so that we can buy and sell more easily and maybe use it as a means of payment. I know that many governments are damn corrupt, but unfortunately we need those corrupt bastards to legalize bitcoin in their countries
Some services have tried to simulate that using crypto-backed contract for difference (CFD) schemes. Unfortunately, you need to be a licensed broker-dealer to do it legally. 1Broker got shut down by the SEC a few months ago for letting people bet on stocks with BTC collateral.
I think we'll see what you're talking about in the next 5-10 years: sanctioned equity tokenization where licensed broker-dealers are selling tokens to investors instead of fly-by-night altcoin exchanges. I think that was Circle's plan when they acquired Poloniex.
I think we'll see what you're talking about in the next 5-10 years: sanctioned equity tokenization where licensed broker-dealers are selling tokens to investors instead of fly-by-night altcoin exchanges. I think that was Circle's plan when they acquired Poloniex.
Sec can ban only those companies registered in US. For sure malta wont see any trubble with that
Malta is know as country following big money istead of shittalk "crypto is bad and dangerous, lets wait and see what will future show". Thats why big crypto exchanges are moving to Malta ... like binance. I think that to help crypto reach mass adoption we need it to be usefull for masses. Its not now. ETF and bakkt wont help that. It will only allow to speculate on cryptos by those not brave/smart enought to do it now without ETF and BAKKT.
ETF and bakkt will bring bitcoin and blockchain technology to mainstream and that is why we really need it. If we desire to see blockchain technology been use as a mode of payment and a store of value then we need it to get ETF approval. I don't think we should be able to get the 2 at the same time because it needs to be spreaded for us to be able to maximize it impacts on the market.
ETF and BAKKT will bring large investor to this crypto market.crypto demand and market capitalization will rise alot, and actually this is needed by crypto market to make all currency recovered. 
ETF and bakkt will bring bitcoin and blockchain technology to mainstream and that is why we really need it. If we desire to see blockchain technology been use as a mode of payment and a store of value then we need it to get ETF approval. I don't think we should be able to get the 2 at the same time because it needs to be spreaded for us to be able to maximize it impacts on the market.
Truthfully we don't need any of those things. Bitcoin already hit 20k without an etf. I thought the point of bitcoin was to be disconnected from traditional financial institutions. I guess most new investors are just here for easy money and will support anything that will push the price up.
But we need new development with these great coins so we can assure a bright future, so for me we really need it not just to pump the price up but also to enjoy a new functions of this top coins. Many players are here to create big profit and they don’t even care about the technology of some coins and its usage.If fund managing cryptocurrencies, or big crypto exchange would implement facebook token - token like tether but backed not by USD but by facebook shares. We will be able to invest in facebook on binance using eth/bitcoin/usdt or even $ in future. What about tokenizing whole NYSE, german DAX, NIKKEI, everything ... even polish WIG (all stocks, indeks, materials etc). Stock by stock. We will be able to invest in every asset by buying simple token on crypto exchange by univesal currency - bitcoin.
Some services have tried to simulate that using crypto-backed contract for difference (CFD) schemes. Unfortunately, you need to be a licensed broker-dealer to do it legally. 1Broker got shut down by the SEC a few months ago for letting people bet on stocks with BTC collateral.
I think we'll see what you're talking about in the next 5-10 years: sanctioned equity tokenization where licensed broker-dealers are selling tokens to investors instead of fly-by-night altcoin exchanges. I think that was Circle's plan when they acquired Poloniex.
I am indeed impressed by your imagination capability. What you are suggesting is to convert the entire stock market game in a tokenized environment. But I am afraid to say that it's not going to happen, ever! Sorry to sound negative but that's the reality. The fact is, no matter how much noise we make to see bitcoin as a global universal currency, the network is simply not capable to handle that! We won't ever see any crypto currency will become the main currency for any country, let alone for the world. No matter how advance technology we bring in, non-government issued cryptos will never make it to that level you are thinking!
I am not a pessimist and I want bitcoin to be recognized at a global level. But no government will ever let that happen! Being a realistic person I can say that, we will see virtual version of USD, EUR, JPY or any other fiat very soon which can be transacted through online wallets without having to handle cash! But cryptocurrency? Not an option at global level!
I am not a pessimist and I want bitcoin to be recognized at a global level. But no government will ever let that happen! Being a realistic person I can say that, we will see virtual version of USD, EUR, JPY or any other fiat very soon which can be transacted through online wallets without having to handle cash! But cryptocurrency? Not an option at global level!
Main currency of any country? What are you talking about. Im talking about tokenizing tradictional assets by creating tokens backed by traditional asset tradable on every crypto exchange (where main curency is bitcoin currently, but stable coins are awaible too for those scared of bitcoin). Not making bitcoin national currency of any country. Did you even read my post?
I indeed read your post but comprehended incorrectly, Sorry about that! What you are suggesting is already present in real world scenario, they are called mutual funds. You are proposing to bring that same concept in crypto eco-system. A pool of fund will be invested in traditional assets or crypto assets and the investors will receive a unit value corresponding to his/her investment value in form of token whose price will fluctuate based on the performance of the underlying assets. Is that what you mean? I believe I understood it correctly now!
Truthfully we don't need any of those things. Bitcoin already hit 20k without an etf. I thought the point of bitcoin was to be disconnected from traditional financial institutions. I guess most new investors are just here for easy money and will support anything that will push the price up.
I kind of agree with this, nowadays the investors only care about the price, they don't see the potential anymore, so whatever things that could make the price go up, then they will agree
It will be great to see the two market join into one but I don't think that will happen the governments won't allowed that things to happen, mixing the two things will make the economic become more complicated to handle
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