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/biz/ - Business & Finance

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16451476 No.16451476 [Reply] [Original]

"Dumb" money won't come in until a Bitcoin ETF is approved since it is the ultimate validation against arguments by no coiners and normies.

>> No.16452019

>>16451476
"Time" will tell

>> No.16452041

>>16451476
Why does anyone care about an etf? It entirely defeats the point of bitcoin AND there's a dozen companies that have made buying the actual thing as easy as making an ACH deposit.

>> No.16452062

>>16451476
AND, all the financial fuckery that the various legacy instruments allow for can be made with smartcontracts.

>> No.16452071

>>16452041
>>16452062
that's why it's called dumb money

>> No.16452096

>>16452071
Dumb money still has to make ACH deposits to buy the etf. More straightforward to google "How to buy bitcoin" than "How to buy bitcoin etf".

>> No.16452150

>>16452096
they aren't dumb in the textbook definition, it's more a tech-illiterate kind of dumb. boomers know how to invest in ETFs, they don't know how to buy and hold their own crypto

>> No.16452165

>>16452150
the price of bitcoin is a universal metric everyone understands. 99% of the people will never truly understand crypto.

>> No.16452193

>>16451476
no because bitcoin is still so much smaller than gold was. we don't need an ETF at this point.

>> No.16453178

>>16451476
this chart was one year ago retard