Topic: Why we want btc etf and bakkt? (Read 908 times)

2.5 years after my post ... binance is ready to deliver "Stock Tokens" - tokens backed 1:1 by real stocks. Starting from 12.04.2021 we can trade TSLA on binance (token backed by Tesla stocks). But the best thing starts today. Thanks to "Stock Tokens" we will be able to participate in coinbase listing on NASDAQ.


https://www.binance.com/en/support/announcement/0e553c69c6ab4265bf97aca31be6fbe7?ref=JLI1VBLA&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial

What's your thoughts about it?

We do need BAKKT for bitcoin to prove its not an application or just a software like blockchain.

We need bakkt to show people this is an investment product that you can buy and hold for a long time to profit in the end. There are stuff like that you can do directly right now, as in spending fiat to get bitcoin and basically the same thing but there are older people or people who are not familiar with technology enough to know how safe it is to keep your bitcoins in a wallet.

Thanks to bakkt we can reach to those old people with suits going to work and buying stocks for their retirement, this broadens the audience bitcoin has. Same with ETF as well btw, it is broadens the audience for bitcoin. It is not a difficult tech but trusting thousands of dollars to Bakkt and thousands of dollars to coinbase are different in many peoples eyes.

Thats good to hear  .  i see that etf and bakkt can bring positive effects on cryptocurrencies but the only problem is that etf have been cancelled many times .  while i dont hear any updates regarding on bakkt  .


You dont need regulation before you can safe guard your balance because regulation is not a kind of security  .   wallet and exchange is already secure , it only depends on how you handle your balances  .

 Bitcoin is a digital currency the investors use it as a day to day transaction  to purchase goods and  services from abroad so the people need a complete protection for the transaction and also they need a stability in price since Bitcoin is volatile there is no  stability in value it fluctuates  too often .. Coming to the market price of 2018 it was a bad time for Bitcoin investors we can hope a brighter future for Bitcooin  in this year 2019 .This year starting Bakkt exchange has been launched and Bakkt may help conversion of Bitcoin to fiat money .Bakkt and etf can bring  Bitcoin closer to adoption and investors to safe and profitable way .

We don't need the Bakkt to be approve as it's not an application, they are a company who will launched in crypt, they are in the business world for so long and is already big now, the effect of their launch is an increase of adoption. On the other hand, the ETF would also help on the adoption, more company will operate and get the approval from SEC once we see the first approval this year.

In my opinion it is very important as a history of Bitcoin travel so that it will give birth to good news for Bitcoin, because automatically when ETFs and Bakkt are approved, people will increasingly believe in Bitcoin especially in American countrie where most people don't invest in Bitcoin.

That's why we need regulation so that we can safeguard our balance and to minimize the chances to get scam by frauds. And also if ETF will approve then we might gonna get some chances to get on higher grounds and reach unto most numbers of majority who didn't know about bitcoins.

Yes I think it will promote cryptocurrency after there will be regulations. For now, many are being victimized with fraud, scam and hacking activity this because there are no third party like government has control over it. If there could be regulations then the government will surely find a way to minimize this problem in cryptocurrency and make it more likely to get involve.

If Bitcoin will become more legit in the near future, for sure it is 100% good to all bitcoin users.
That's why we need ETF and bakkt at this point of time. Due to as long as its not being approve it will be hard or difficult
for us to get big profit in a fastest way. But once it has been approved lots of crypto currency will get easily rise their price value and bakkt
we all know will going to launch their platform too.

The most logical answer to these is to be more legit and more professional nothing else. They will not bring anything new to bitcoin that we do not already have, this is just a PR move for people who are interested in bitcoin already. It is kind of like selling stuff on ebay for a while and not making enough to declare anything but after a certain while when you make a ton of money you let the IRS know and that is how you become a legit business.

Yes, there are responsibilities that come with it but now you are not a garage sale type of person but a business, that is what bitcoin is after. We can continue being like this forever but the more governments get into this the more laws will be for bitcoin and that would mean dealing with bitcoin will be more common than ever.

I do not think that etf and bakkt are really needed for cryptocurrencies market. These two can bring more liquidity into market, but this is not only one problem which cryptocurrencies faces.

That’s true, we may not see a significant pump after every good news but if you look at the long term frame, for sure you will realize that those positive news are important. If ETF and BAKKT was approved, many investors will be more conifident and that’s the goal to have a development like this, let’s continue to hope.

even though it doesn't rise immediately, but by being held, it can be a signal that in the future the future of bitcoin will be good, because there will be many new investors who come and invest their funds, that's my hope. easily, every good news will certainly make a good impact, and vice versa

I think many people are very hopeful about ETF and BAKKT, they hope that when they get approved, they will create a bull run, I think they are totally wrong, it will have a positive impact, but it will not make the market go up instantaneously, just because one thing is technology, community and projects and another very different is trading, in trading the news does not have that impact, unless it is a Fundamental, I am in favor of approving everything, with that there is more participation and acceptance in the bitcoin and altcoins but the deep and instantaneous impact will not occur.

i am sure if ETF already approved and BAKKT launched their trading platform, cryptocurrency demand will rise extremely.much investors from finance institution coming with huge money in their pocket.but the thing we have to ready facing was there will high volatility when this news released.because this investors want to buy crypto in low price.

That’s why we want this one to be approved as soon as possible because it can help the market pump again. It can really bring not just confidence but it can increase the trust of the public to trade with bitcoin. I hope it can be approved this year, so the real bull market will come.

Yes, I am very sure that if Etf and Bakkt are approved it will have a big impact on Bitcoin, for one reason which in my opinion is very appropriate, if Etf is approved then Bitcoin will automatically be officially traded in the US stock exchange, so more people will be confident and invest in Bitcoin.

Yea bla bla bla. They have soo manny options to buy bitcoins. From bitcoin itseft to bitcoin contracts, ETP in Switzerland and so on. If they would see massive profit here they would not abandon
 it only becauce they are not able to buy it by their favour etf (is ETF really that good for big institutions?).

To pump bitcoin price we need them to come to us to tokenize their old technology traditional stocks to make investing easier. As i said. Its not that easy to buy foreign stocks. You cant transfer shares to other person.

Since those issues are the reason why bitcoin and cryptocurrencies market are having up and down I think we really need ETF approval,  bakkt future trade and others.  We just need to keep hope that there come to pass and there are currently the trigger point.

more institutional investors invest in crypto trading more exposure and funding comes to cryptocurrency industry it is good for crypto market

It is just thinking way ie if etf and bakkt get approval and become successful respectively then many traders who are thinking of investing in crypto but are afraid of legal binding can take step forward towards adoption of crypto.i would still say it is thinking way which can affect new investor or public awareness about crypto,without it crypto was growing and it will grow but yes they can act as catalyst to boost progress.

Becouse we need institutional money come to crypto and one of ways do it, are etf and bakkt yep maybe afther this general users would have problems as wall street would try control everything but at this moment i personaly dont see any way more money come to crypto market ,and we need legit BTC than now.

The reason why most of the users are want btc etf and bakkt because it can boost the recovery of the price of the bitcoin. For sure that the market will be green again if the etf and bakkt will be launched.

I don't want ETF approval and Bakkt.I don't care if they approve bitcoin and the Bakkt project launches on schedule.Bitcoin price shouldn't depend on such hype.We need massive and steady btc adoption amongst online businesses.

Very well described their thoughts. I agree with you and by the way I heard that there is a stock exchange, but I do not remember exactly what that produces tokenized shares of Apple and Netflix.

Maybe that is to prove that bitcoin is a legal thing that people can use for the investment. With the approval, people are confident to use their money and buy crypto because they think that the crypto is legal. But I don't know the truth because I don't think too much about etf or bakkt and I don't think that will be easy for the government to make the crypto legal.

of course with the presence of ETF and Bakkt, there will be many investors from stocks that include funds to invest in cryptocurrency. so that this will have a good impact on the development of crypto

simply because people thinks that these two are the only last solution for the price to recover and pumped up  but as of today , there's no good news about the updates for bakkt and etf  .   what ever thier decisions , whether they reject or accept  ,   btc is still btc  and the price  can still decline and inclined  so my advice to my fellow enthusiast is that dont depend to much and dont let your expectations eat you becuase those events are not guaranteed  to  patch crypto permanently   .

frankly this is good if stock investors and cryptocurrency investors join together, this will result in tradeoffs between stocks and cryptocurrency, investors will be free to trade stocks and crypto in very broad zones because two places have united, Shares and Cryptocurrency.

A lot of people believes that Bakkt will help to make cryptocurrency to gain a mainstream adoption. People think Bakkt will bring a lot of institutions investment money into cryptocurrency and that will make the price to increase. But we don’t even know that yet. Same as ETF, a lot of people believes that the two will help the crypto space to grow a lot. There have been things similar to this introduced in the past, but we will see if this will be anything different.

because if there is an ethanol bitcoin, then the person who will start investing but does not have money can borrow to start investing, and that is very beneficial for both parties.

ETF will boost the market, and we need to get that approval this year.
BAKKT is just part of the big investors that will launch crypto and with certainty of regulation, there will be more to come.

the gold ETF comparison also irks me because it's a cherry-picked example. there are examples that show just the opposite---where the launch of a physically-backed commodity ETF preceded a multi-year bear market! jp morgan's copper ETF comes to mind.

bagholders will cling to whatever hopium comes along in a bear market.

At one point last year charts of Gold were circulating where it was looking quite similar to Bitcoin's chart. They pointed out where the Gold ETF started to pump Gold's price beyond the moon and that we could expect the same to happen with Bitcoin, totally ignoring how difficult it is to have an ETF approved where we are today.

https://www.reddit.com/r/Bitcoin/comments/8zwru1/gold_etf_was_started_right_there/

Read the comments there, some of them are hilarious. Hopium mixed with vodka it seems. 

It makes no sense to speculate about something we don't have reason for to believe in, nor is there any reason for the SEC to approve an ETF. The market is too immature, too subject to fake volumes, too many unregulated exchanges, too dominant Asia, etc.

I'm not sure if these tools giving 'investors' confidence is a good thing, especially with how most of them are so focused on these events that they ignore why Bitcoin has value in the first place.

2018 was the year of the ETF it almost looked like. People's main focus was that an ETF approval would initiate a bull run to miraculously turn their heavy bag into something that was worth more than what they paid for it.

It's a toxic environment that people created around themselves, and they have only themselves to blame for. Common sense was enough to understand that an ETF didn't stand a chance last year, still doesn't this year.

To my own understand the purpose of the BAKKT and ETF is to boost, promote, secure and encourage the crypto currencies market this why most people in the crypto sphere believe that BAKKT and ETF will help in mainstream crypto cause more investors will step since  their investment security is guarantee.

maybe this plan of ethics wants to make the big giant companies in the world begin to accept payments and provide clear rules for the circulation of existing cryptocurrency, but this doesn't seem to work smoothly because not all large companies can accept cryptocurrency.

Having hope about the two project is a good thing but to be honest I dont really believe much BAKKT helping the crypto currency market to gain more demanding or increase in price of the market because it only meant for the ease of crypto trading and transaction. While ETF will give investors  more confidence.

Right now, we need to remain optimistic that this will bring a positive result to the market.
It's our hope starting this year and their success will lead to a more success throughout the year, just keep buying before it will take place.

etf and bakkt is the closest hope to see bitcoin prices rise. with the amount of funds coming in, of course it will increase the demand for btc, so the price will increase significantly. and that is what we hope for, because during 2018, we have a long wait. besides that with the existence of this news can reduce panic about cryptocurrency

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.

Combining those two markets together is exactly the greatest idea of all. This will make bitcoin more professional when it comes to its investing option. BAKKT and ETF are just like the same old trading/investing platform like golds and silver. I can see that it once these two markets are combined, the price of everything from the crypto space will go higher and will be sustained, as well. So let's see what will happen.

The words that I bolded above were might be correct, but we need those groups of people to become Bitcoin more popular and having a chance to have a legitimately by the government. ETF and BKTT will probably contribute a good value on Bitcoin price. So, yes, we still need those groups to become approved. Hopefully, these two implementations will give a bullish price on the Bitcoin market and get recover from the bearish market.

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.

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.

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

for the Bakkt planned for 24 January, the implementation was delayed, indeed we all hope to be held and improve the current situation. Hopefully there is another good news, like Eth, which will hold Hardfolk

People expectations on this ETF and BAKKT approval is very high I hope they won't be disappointed at the end of course both approval will greatly project bitcoin into the global mainstream of cryptosystem and people are only after btc price in that period which hopefully might triggers the much expected bullish runs

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

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

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 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.

We only hit the level of $20k because bitcoin is being manipulated and if we don’t see any development how can the price will pump higher if there’s no such thing. We really need to see some improvement both with ETH and BTC, there’s a lot of things to improve and hopefully to see that in 2019. Though there’s another hype with regards to ETF and BAKKT, but i really see this one as great and very timely to help the market go up again.

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 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!

 

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

It depends on where you live basically. I personally can invest in pretty much any stock/derivative market through my bank account. I think that's what makes an ETF very interesting on paper, because you don't have to wire money to an exchange anymore, and every joe with a decent sum of money can buy a share instantly. No silly verification process, no waiting times, no unsafe environment, etc.

In terms of the fees, sure they are higher than average depending on what asset you buy into, and they even charge a very small percentage annually over your total portfolio balance, but people don't see it as much of a proble. They have been buying into stocks and whatnot for years.

The only competitor in the game are services like Robinhood where people can trade for free, but you don't actually own anything there. For some people it might not matter and they are just interested in free trading, and others want to own the stocks in their portfolio giving them access to dividends, voting rights, etc.

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.

We cannot change the fact that the current precious money is legalized by them and we do not live with our own rules. Lets imagine the opposite so instead of accepting cryptocurrency they decide that it is unlawful and boom! 

Personally i'm in love how fast binance works and how good their interface is in comparision with my regional stock exchange. Also i'm not able to invest in foreing stocks and if so i need to pay huge fees. Thats why if ill be able to do it buying stocks tokens backed by shares itself with lower fees i would definetly do this. Do your broker support for example Malta stocks? I bet it doesnt. Tokenizing them by creating token like USDT but backed by specyfic stock sounds easy, unstopable, profitable and for sure will help crypto better than begging wall street for aproval to trade bitcoin on their exchange.

So basically you are looking to make derivatives again and let them be embedded on a platform for cryptocurrencies? I don't quite get the gist but it seems to me that you want to just have a platform wherein traditional stocks can be purchased by 'tokens,' and believe me, if there's a substantial volume for such, these 'old guys' would surely get their capitals working just to rake the profits waiting for them on a new market. I might be translating things negatively but knowing how the capitalist minds work, this is the first thing that springs to mind.

Is it a difference for bitcoin that speculation investor will leave bitcoin at 3k on loss or on 25k on profit? He is here not for technology. he is here for quick lambo. We dont need him ... we need people to start using bitcoin. To do that we need high volume and high marketcap on exchanges to stop massive pump and dumps - what scares average bitcoin users from using bitcoin - how to pay for coffe if tommorow ill be able to buy 2 coffes for that much of satoshis.

Big marketcap and high volume will stop bitcoin from massive pump and dumps because its so much harder to pump asset with huge buy/sell orders on order book made by institutional investors.

We only want how bitcoin could have higher price again, it more important to make investor trust about bitcoin investment at the future, when bitcoin never could be on higher price many investor will left bitcoin.

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?




We dont need their aproof for that. Its like bitcoin ETF on traditional stock market. Does satoshi approve that? No. Company will buy bitcoin on crypto exchange for every etf unit bought from them. We have paxos, theter, usdc, TUSD. All are tokens backed by USD. Did US government aproved that? No. Company open USD deposits and TUSD withdrawals for every usd deposited. Thats all. We only need company that will do the same thing with stocks. Will buy on stock market facebook share(f.e.) for every facebook token bought from them. Screw governments and old guys in suits. With tokenized stocks, materials from all around the world they will come to Us on knees. Thats the spirit of crypto. Asking government for permision is oposit of satoshi vision. Crypto was ment to destroy traditional monetary monopolized by few


I'm not talking this in perspective of bitcoin price grow. Im talking this in perspective of crypto hitting mass adoption. ETF and BAKKT will help bitcoin price in short term. My idea will pump crypto market for next 100 years. Why? Because average invesotr willing to invest in foreign stocks will have option to invest in it by new asset type called "token" with smaller fees. He will create account on crypto exchange and close to facebook he will see company called Vechain where he might invest too. He will also see BNB token  that he will buy for sure to make his fees even smaller.

I think what OP trying to express is why can’t we invest on stocks the way invest in crypto’s, traditional stock maybe hard to blend or to make it tokenized everything due to most stock investors are conservative and they want real assets or maybe they don’t fully understand the nature of crypto yet. Why we need institutional investors? Because simply these markets are not just build for new breed of investors but also for the classic ones.

But all these that we will be  imagining could just be a wishful thinking. Those old guys are not going to give up without a fight, they  may even  be winning if people in crypto  starts to  listen to every fud they  post here. They could also rule this market when regulations  are going to be tighter for us.

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.

Many people and investors that are here in the market want it because they know that it would really help Bitcoin to grown and be hyped all around the world.

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! 

Because they will make bitcoin more "legit". By legit I mean at least make it look like a more professional investing option.

Right now even tough you and me know that bitcoin is a safe investment method, there are a lot of 35+ year olds who do not really grasp the innovation side of things and want to invest into things that are more secure, right now with the upcoming BAKKT and ETF deals we are going to go into the same root that gold and silver has and that would only make things better for all of us by involving a lot more people into crypto space.

This way we can gather more money and the volume would rise increasing the demand which would effect the price positively. This is all we care about, the price going up. If the price goes up like we assume, it will have great affects on all of us.

You have great thinking about turning these two markets into one. I confront with people that want BTC ETF (personally I don't as I hope to see the value of BTC increasing due to mass crypto adoption) because I believe that it will make the transmission and open crypto markets to more investors. I don't agree that the already established tokenization system is better/perfect or whatever; there are many flaws in it that discourage people to be involved in it.

I am in favor of giving the chance to anyone to trade any asset they like and make a profit from investments as right now stocks/bonds/ contracts etc. are not available for everyone.

Crypto is new technology. Our tokens are a dozen times better than stocks, contracts etc. Why we are struggling with implementing new technology into old technology hoping that old technology influencers will let us in just because they are old guys with money. Tokens are new technology.

I made this topic to start conversation about showing middle finger to old technology with old guys on board. We need them only for volume. We don't need to hear all the time "we will let your new technology to be trade on our old technology platform by old technology assets but not today ... maybe tomorrow... maybe next year"

What you think?
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 the future. What about tokenizing whole NYSE, German DAX, NIKKEI, everything ... even polish WIG (all shares, indeks, materials etc). Stock by stock. We will be able to invest in every asset by buying simple token on crypto exchange by universal currency - bitcoin.

Personally i would love that. My broker in my country allowed me to invest only in regional shares. To invest in foreign asset i have to create special account with other broker with huge fees what makes it unprofitable to invest (not saying a word about daytrading). I think it would help crypto hundred times better than pushing new technology into old technology guys hoping that they will invest into new technology using old technology assets... its stupid. Let them invest in old technology assets by our new technology.

Lets create here possibility for everyone to trade on any asset. That will make not only crypto enthusiast to invest on crypto exchanges but also regular investors willing to invest in foreign shares, materials with lower fees. That will make whales from old technology came to us and say "teach us this new technology ... we are ONLY old guys with money"

Just imagine your portfolio based on:
Etherum, bitcoin, US facebook, google, amazon /German BMW and Mercedess / Russia Gasprom / gold, silver / Japaniese Toyota. Everything you will be able to buy on binance and store on trezor/ledger.