July 25, 2018
I am strongly in favor of ETF approval. Bitcoin is used by people, earned as a salary and traded 24/7. It should not be in the shadows, because it is not beneficial both for bitcoin community members (who might feel guilty and experience problems from earning half-legal money in half-legal ways) and governments (that try to control their economy systems one way or another, but do not take into considerations massive funds in bitcoin that people can suddenly and occasionally sell for fiat).
Bitcoin is not a bubble, because there are enough serious investors who truly believe in the current price as well as in the potential growth of it. The market has been manipulated enough by now, so the community is now stronger and less susceptible to panic selling.
Bitcoin is also a great investment opportunity. Despite the price decrease from $20000 down to $6000, bitcoin is currently in a yearly +300% increase of the price.
People should be able to invest in bitcoin, just like they can invest in other assets. Any investments involves risks and profit is never guaranteed. Bitcoin is definitely not worse than gold or oil market.
Please let bitcoin community feel relieved and help bitcoin's mass adoption happen.
Best,
kryptqnick