ETF on Bitcoin divorce from wall street? A fresh look from the managing partner NobleBridge Wealth
Source:
Tyrone V. Ross, Jr. is the managing partner in NobleBridge Wealth & Asset Management Services. In an interview with Naomi Brockwell he told about the ETF , which is still pending approval. The expert noted that to hold coins is much more important than the fact of approval of the ETF. Their customers, he promised to recommend it.
I'm not a fan of this idea and certainly will not recommend my clients to contact ETF. I am convinced that it is much better to personally own bitcoins.
Then Ross spoke about the successful people who once acquired the shares of Hershey's, Johnson & Johnson and General Mills and just kept them. As the way Bitcoin is more like a traditional way of assets, Ross Jr. will recommend to their clients to deal with cryptocurrencies the same way.
The Essence of this asset lies in decentralization, moreover, it has many advantages it is the personal possession. It seems to me that financial institutions just want to take advantage of these benefits for yourself, therefore, giving ordinary people the information they need.
In his opinion, the technology is difficult to understand. And with the advent of hundreds of cryptocurrency ordinary people became even more difficult to understand all this, so they look for the simple investment methods. He noted that to some extent supports the approval of the ETF, but don't think that it will help people better understand bitcoin and the ETF on cryptocurrencies in General.
This is just an extra, unnecessary layer that will help wall street to once again enrich themselves at the expense of the people. It's like a divorce.
Ambcrypto reminded that ETF on Bitcoin from Bakkt under the leadership of Kelly Loffler was supposed to launch in 2018, but the event on 24 January 2019. More data to search for .
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