Pantera Capital CEO: Bitcoin Traders “Overreacted” To SEC News
“I think the SEC has been very cautious with an ETF… I still think it will be quite a long time until an ETF is approved. Here’s a perspective, the last asset class to be approved for ETF certification was copper, and copper has been on Earth for 10,000 years and it just got approved in 2012. I think Bitcoin in ETFs still have quite a ways to go.”
Good article, the only thing I really disagree with is the comparison to the copper etf taking so long to get approved. Yeah, it only happened in 2012 but etfs in general have come a long way in the last few years, they're a lot more common and acceptable. I can't predict what the SEC is going to do, but there really isn't a reason why a bitcoin etf doesn't get approved soon, it's just a matter of making sure the product has all the insurances, etc that the SEC wants to see. Time will tell...
Read the full story here...
https://www.newsbtc.com/2018/08/09/pantera-capital-ceo-bitcoin-traders-overreacted-to-sec-news/
Bitcoin hanging right under $6300 right now fyi
Whoever does not understand that this is good needs to just HODL. An extension of time means they are seriously considering this ETF.
Good point. :)
Very good posts, hopefully a successful brother is always in esteem
Thank you very much, fingers crossed.
How do you think @onthehook8 what will happen next?
I know as much as the next guy/girl, which isn't much, lol.
I think it will get approved eventually...
Great article, @onthehook8!
Thanks