Quote:
Originally Posted by jscott
well luckily, whether its appr or denied, there will always be demand and bright future ahead.
tbh i think approval would lead to short term huge gain.. but not that great for the long term of Btc since it was founded on the basis of being decentralized and not "belonging" to anyone but the people
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The thing about BTC is it is not the best coin for commerce. Transactions are slow. There are others like Dash or Monero that may end up being better. There will only be a certain amount of BTC and that increases it's value for holding and investment. The up and down price does not lend itself to spending. It's the blockchain that contains the value. If the Winklevoss ETF passes, it not only legitimizes BTC, but digital coins in general. That's the gamechanger.
Something else, various banks are looking to start their own coin. A Swiss bank starting a coin could add serious legitimacy and attract mass interest. There will be shake outs and turmoil in the digital world. Perfect for speculating and making bank. It does not take much money to play this market. It's wide open and just like the wild west.