It may be.
However, I think that ETFs will be more “secure” when compared to centralized exchanges.
If they result “trustable”, it will allow institutions to try and slow down real #bitcoin adoption.
We’ll see!
Discussion
People telling me they own bitcoin & then saying it's X etf, are gonna hear from me that they don't actually own any bitcoin. I think the only real difference is likely to be that more people have some clue what it is & see it as an investment that they might actually need to learn about.
I agree on the first part, that’s what I meant in part when talking about education!
On the other hand, I’m not so sure they will actually have to learn about the things they are buying when dealing with an ETF: “oh great is going up” and nothing deeper than that!
But if it's making them money & they don't want to learn about it, then nothing was going to trick those sorts of people into learning about it anyway. There are always going to be mindless idiots in the world that simply cannot be saved from themselves.
That’s in per true.
But even I entered this world to make money and remained for the revolution. If I had not the possibility to move my bitcoins out of CEXs, I had not received an education on the topic I would have run away after the first collapses.