As the approval of the first cryptocurrency ETF will affect Bitcoin? Expert opinions
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Recently in the Studio of the TV show Crypto Trader on CNBC visited several well-known personalities of the industry. In the framework of his opinion about market situation shared by the founder of Sirin Labs Moshe Hogeg, Orbs CEO Daniel Peled, CEO of eToro Yoni Assia, the founder and One Alpha Yaniv Fridman. About it writes .
theWill the SEC on Bitcoin?
The Discussion started from the most important question — the impact of ETFs on the stock market. According to Yaniv Friedman, the approval of the exchange triptofana will be an important sign for Bitcoin investors.
I think people want more not even the ETFs, and the verdict of the SEC. If the ETF still appears, it will be considered as actual market recognition of digital assets by the financial regulator.
But the head of the eToro believes that the ETF will have almost no impact on the stock market in the short term.
If I'm not mistaken, Bitcoin has grown to a capitalization of hundreds of billions of dollars in nearly 10 years. If an ETF appears, its size will not exceed one billion dollars. In the coming year after its creation, the exchange triptofana will not have a significant effect on the crypt.
Assia laments the fact that most investors do not know how to handle Bitcoin. Real change will come only when people learn to use the crypt.
Orbs CEO Daniel Peled worried about the security of digital assets out of the ETF. In his opinion, those who are responsible for their private keys, you still could lose in the long run.
If I had a heart problem, I would go to the doctor and not tried himself to operate. The same applies to large amounts of money. I would like to be safe and under the protection of professionals. So custodial solutions such as ETFs will definitely gain popularity in the future.
Peled cited the example of Coinbase exchange not only acts as an exchanger of Bitcoin, but also provides the necessary services.
At the end of an interview with Moshe Hogeg supported the words of Friedman. The expert said that in kriptonyte still no serious capital from institutional investors. Only the development of infrastructure around Bitcoin will help the major players to participate in the auction of the digital assets.
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