[2017-04-07] BS: Taking BTC to the stockmarket won't do much for its risky image

[polynesia]

Taking Bitcoin to the stockmarket won't do much for its risky image

http://www.business-standard.com/article/international/taking-bitcoin-to-the-stockmarket-won-t-do-much-for-its-risky-image-117040700259_1.html

Since its inception in 2008 digital currency Bitcoin has attracted critics who argue it’s inherently risky. The latest push to create an exchange traded fund (ETF) in order to make trading it easier, suggests attitudes to it haven’t changed. But some risks associated with a Bitcoin ETF is just like any other asset that becomes tied to investors and the stockmarket.

The US Securities and Exchange Commission (SEC) has already rejected an application to create an ETF for Bitcoin. But there are two other proposals - (SolidX & Grayscale) still before the commission.

Bitcoin is intended to act like currency in that, once you have a Bitcoin, you can use it to buy goods. It’s much the same as using electronic payments from a bank.

[rajasumi3]

Well people are using it as a stock .bitcoin to be used as a currency in india is hard to say because even digital payments are not even functional in india fully.bitcoin to be introduced we need a full support of media, well people should understand that its the same risk as mutual funds rather than more risky than it is .