July 26, 2018
A Bitcoin ETF would be an asset to all those involved. Certainly while people argue back and forth about what the price of Bitcoin is and raise valid concerns about fraud and possible manipulation its not as if those characteristics are unique only to Bitcoin. What is unique to Bitcoin is that it represents a new asset class that can be used simultaneously as a value store and also as a medium for exchange for goods and services. Not to mention it is the ultimate bearer asset as it doesnt represent a share of something it actually is that thing. With all that being said an ETF would give people access to Bitcoin and allow to them invest in the new asset class without having to worry about losing their Bitcoin on an exchange to a hack or having to manage storing the asset. They get the best of both worlds with the exposure to the price action of ssset and the protection from having it stolen. I think this ETF would just be the beginning of a new wave a crypto or Bitcoin related financial instruments that people can use to diversify against an uncertain economy.