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The original was posted on /r/cryptocurrency by /u/barthib on 2024-01-19 17:00:09+00:00.
- Everyone has always considered gold as a reasonable and valuable way to hold value. The reputation of Bitcoin is the complete opposite. So I don't expect to see with BTC what we saw with gold ETFs.
- It is complicated to buy certified gold and store it. With Bitcoin, everybody could already buy and hold with an online exchange. Front runners are now taking their juicy profits.
- There existed already BTC ETFs in Europe and in Canada and American individuals and funds could already buy ETFs (those abroad or the existing Futures ETFs) in order not to miss the bull run. These front runners are now taking their juicy profits.
- Americans ETFs are all what Bitcoin enthusiasts have dreamed of for a decade. There is no bigger news to reasonably hope for after that (all attempts to make it a national currency failed). The ETF is the end of the adventure.
Positive view point: meanwhile, Ethereum builds the Web 3.