RE: Vlog 352: Bitcoin ETF rejected + Weiss ratings Week 30.
I wouldn’t be worried about yesterday’s drop. I actually just added to my portfolio taking an advantage of these panic sellers. Anyway, I just can’t believe what they are saying about their concern when it comes to bitcoin ETF. Why did they approve bitcoin’s futures at first? Because they know not everyone can afford to buy futures. But everyone would be able to buy bitcoin’s ETF just because of much lower risk and much lower prices. Can you imagine people being able to but contract for few hundred dollars worth 100 bitcoins? I know, you only buy it for certain time, but with today’s volatility you can make nice profits very quickly without taking too to much risk. Of course, everyone would be able to short the bitcoin as well by buying puts, but at the end price would find it’s way up anyway. At the end, it’s only matter of time when crypto goes fully mainstream.