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RE: "These aren't the ETFs you're looking for"
I was really expecting A good News About ETF.
As We were just waiting for a positive News Regarding ETF in Bitcoin because it Can Bring a good Pump In Its Price.
I have A Question For You sir.
Do You think That Bitcoin's Price Were Only Dependent On ETF.?
It's been a big part of the rally recently, but not all of it. Either way, I think a bitcoin ETF is coming in the near future, for that reason, even if the VanEck one gets denied, prices won't pull all the way back to where they were previously.
Ohh..
Its Sounds Good..
I Think There Are some More Aspects Which Can Bring A Good Rally Into It Like As We Can See Now That Most Of the Country are trying To regulate Crypto.
As Take An example Of Australia. There Are Most Of the Places Which Accept Crypto.
Sadness
When We talk About Some Bad Newses Indian Government is trying to Ban Crypto And i think this Is not good For A developing Country.
What's Your Openion On It?
I am not really sure what is going on with India. I do know that with something that is globally traded like bitcoin, it will be hard to ban it. I think they are just shutting down the local exchanges if I remember correctly?
Bitcoin is people’s currency. I don’t think it needs ETFs.
May be in shortterm the price might depend on them but we have had highs without these in the past.
As Fellow steemian posted bitcoin doesn’t need institutional investors, institutions need bitcoin.
Of course it does not need an ETF, but if we want institutional money any time soon, it most likely needs an ETF.
Why do we need institutional money?
For the price hike- possibly
Yes, that is exactly why. We don't technically need it right now for bitcoin to succeed, but it will certainly help the price go up.