NOTE : Questions from LAYMEN.
bitcoin is made without regulations, is decentralized, and controls everyone who has bitcoin. and in my opinion ETF is a rule that must be passed by Bitcoin. so will Bitcoin fail or die if the ETF disapproves of the bitcoin proposal? while Bitcoin has grown longer before going to ETF.
Let's all go back when the ETF proposals were not presented yet. Bitcoin was doing great as is. Bitcoin has stood many critics for many years already and is still being hone to overcome new obstacles. Bitcoin doesn't really need the ETF. The ETF proposals ignited a commotion in the cryptocurrency community as if it is badly needed. Yes, ETF will do Bitcoin better and will produce new speculations and increase in price. Though this has caused the community to depend on ETF for Bitcoin to actually go on, which is really bad.