Why we want btc etf and bakkt?

[posi]

maybe this plan of ethics wants to make the big giant companies in the world begin to accept payments and provide clear rules for the circulation of existing cryptocurrency, but this doesn't seem to work smoothly because not all large companies can accept cryptocurrency.

To my own understand the purpose of the BAKKT and ETF is to boost, promote, secure and encourage the crypto currencies market this why most people in the crypto sphere believe that BAKKT and ETF will help in mainstream crypto cause more investors will step since  their investment security is guarantee.

[BitHodler]

Having hope about the two project is a good thing but to be honest I dont really believe much BAKKT helping the crypto currency market to gain more demanding or increase in price of the market because it only meant for the ease of crypto trading and transaction. While ETF will give investors  more confidence.

I'm not sure if these tools giving 'investors' confidence is a good thing, especially with how most of them are so focused on these events that they ignore why Bitcoin has value in the first place.

2018 was the year of the ETF it almost looked like. People's main focus was that an ETF approval would initiate a bull run to miraculously turn their heavy bag into something that was worth more than what they paid for it.

It's a toxic environment that people created around themselves, and they have only themselves to blame for. Common sense was enough to understand that an ETF didn't stand a chance last year, still doesn't this year.

[1Referee]

2018 was the year of the ETF it almost looked like. People's main focus was that an ETF approval would initiate a bull run to miraculously turn their heavy bag into something that was worth more than what they paid for it.

It's a toxic environment that people created around themselves, and they have only themselves to blame for. Common sense was enough to understand that an ETF didn't stand a chance last year, still doesn't this year.

At one point last year charts of Gold were circulating where it was looking quite similar to Bitcoin's chart. They pointed out where the Gold ETF started to pump Gold's price beyond the moon and that we could expect the same to happen with Bitcoin, totally ignoring how difficult it is to have an ETF approved where we are today.

https://www.reddit.com/r/Bitcoin/comments/8zwru1/gold_etf_was_started_right_there/

Read the comments there, some of them are hilarious. Hopium mixed with vodka it seems. 

It makes no sense to speculate about something we don't have reason for to believe in, nor is there any reason for the SEC to approve an ETF. The market is too immature, too subject to fake volumes, too many unregulated exchanges, too dominant Asia, etc.

[figmentofmyass]

2018 was the year of the ETF it almost looked like. People's main focus was that an ETF approval would initiate a bull run to miraculously turn their heavy bag into something that was worth more than what they paid for it.

It's a toxic environment that people created around themselves, and they have only themselves to blame for. Common sense was enough to understand that an ETF didn't stand a chance last year, still doesn't this year.

At one point last year charts of Gold were circulating where it was looking quite similar to Bitcoin's chart. They pointed out where the Gold ETF started to pump Gold's price beyond the moon and that we could expect the same to happen with Bitcoin, totally ignoring how difficult it is to have an ETF approved where we are today.

https://www.reddit.com/r/Bitcoin/comments/8zwru1/gold_etf_was_started_right_there/

Read the comments there, some of them are hilarious. Hopium mixed with vodka it seems.

the gold ETF comparison also irks me because it's a cherry-picked example. there are examples that show just the opposite---where the launch of a physically-backed commodity ETF preceded a multi-year bear market! jp morgan's copper ETF comes to mind.

bagholders will cling to whatever hopium comes along in a bear market.

[Vaculin]

maybe this plan of ethics wants to make the big giant companies in the world begin to accept payments and provide clear rules for the circulation of existing cryptocurrency, but this doesn't seem to work smoothly because not all large companies can accept cryptocurrency.

To my own understand the purpose of the BAKKT and ETF is to boost, promote, secure and encourage the crypto currencies market this why most people in the crypto sphere believe that BAKKT and ETF will help in mainstream crypto cause more investors will step since  their investment security is guarantee.

ETF will boost the market, and we need to get that approval this year.
BAKKT is just part of the big investors that will launch crypto and with certainty of regulation, there will be more to come.

[biskitop]

because if there is an ethanol bitcoin, then the person who will start investing but does not have money can borrow to start investing, and that is very beneficial for both parties.

[fiomcorka]

A lot of people believes that Bakkt will help to make cryptocurrency to gain a mainstream adoption. People think Bakkt will bring a lot of institutions investment money into cryptocurrency and that will make the price to increase. But we don’t even know that yet. Same as ETF, a lot of people believes that the two will help the crypto space to grow a lot. There have been things similar to this introduced in the past, but we will see if this will be anything different.

[Renaldi blackspadeteam]

frankly this is good if stock investors and cryptocurrency investors join together, this will result in tradeoffs between stocks and cryptocurrency, investors will be free to trade stocks and crypto in very broad zones because two places have united, Shares and Cryptocurrency.

[pinoyden]

simply because people thinks that these two are the only last solution for the price to recover and pumped up  but as of today , there's no good news about the updates for bakkt and etf  .   what ever thier decisions , whether they reject or accept  ,   btc is still btc  and the price  can still decline and inclined  so my advice to my fellow enthusiast is that dont depend to much and dont let your expectations eat you becuase those events are not guaranteed  to  patch crypto permanently   .

[wahyu wida]

frankly this is good if stock investors and cryptocurrency investors join together, this will result in tradeoffs between stocks and cryptocurrency, investors will be free to trade stocks and crypto in very broad zones because two places have united, Shares and Cryptocurrency.

of course with the presence of ETF and Bakkt, there will be many investors from stocks that include funds to invest in cryptocurrency. so that this will have a good impact on the development of crypto

[traderethereum]

Maybe that is to prove that bitcoin is a legal thing that people can use for the investment. With the approval, people are confident to use their money and buy crypto because they think that the crypto is legal. But I don't know the truth because I don't think too much about etf or bakkt and I don't think that will be easy for the government to make the crypto legal.

[satosibtc1000]

Crypto is new technology. Our tokens are dozen times better than stocks, contracts etc. Why we are struggling with implementing new technology into old technology hoping that old technology influencers will let us in just because they are old guys with money. Tokens are new technology.

I made this topic to start conversation about showing middle finger to old technology with old guys on board. We need them only for volume. We dont need to hear all the time "we will let your new technology to be trade on our old technology platworm by old technology assets but not today ... maybe tomorrow... maybe next year"

What you think?
If fund managing cryptocurrencies, or big crypto exchange would implement facebook token - token like tether but backed not by USD but by facebook shares. We will be able to invest in facebook on binance using eth/bitcoin/usdt or even $ in future. What about tokenizing whole NYSE, german DAX, NIKKEI, everything ... even polish WIG (all stocks, indeks, materials etc). Stock by stock. We will be able to invest in every asset by buying simple token on crypto exchange by univesal currency - bitcoin.

Personally i would love that. My broker in my country allowes me to invest only in regional stocks. To invest in foreing asset i have to create special account with other broker with huge fees what makes it unprofitable to invest (not saying a word about daytrading). I think it would help crypto houndred times better than pushing new technology into old technology guys hoping that they will invest into new technology using old technology assets... its stupid. Let them invest in old technology assets by our new technology.

Lets create here possibility for everyone to trade on any asset. That will make not only crypto enthusiast to invest on crypto exchanges but also regular investors willing to invest in foreing stocks, mateials with lower fees. That will make whales from old technology came to us and say "teach us this new technology ... we are ONLY old guys with money"

Just imagine your porfolio based on:
Etherum, bitcoin, US facebook, google, amazon /German BMW and Mercedess / Russia Gasprom / gold, silver / Japaniese Toyota. Everything you will be able to buy on binance and store on trezor/ledger.

Very well described their thoughts. I agree with you and by the way I heard that there is a stock exchange, but I do not remember exactly what that produces tokenized shares of Apple and Netflix.

[davis196]

I don't want ETF approval and Bakkt.I don't care if they approve bitcoin and the Bakkt project launches on schedule.Bitcoin price shouldn't depend on such hype.We need massive and steady btc adoption amongst online businesses.

[Kahoy01]

The reason why most of the users are want btc etf and bakkt because it can boost the recovery of the price of the bitcoin. For sure that the market will be green again if the etf and bakkt will be launched.

[Gabteb]

Becouse we need institutional money come to crypto and one of ways do it, are etf and bakkt yep maybe afther this general users would have problems as wall street would try control everything but at this moment i personaly dont see any way more money come to crypto market ,and we need legit BTC than now.

[@prashant]

It is just thinking way ie if etf and bakkt get approval and become successful respectively then many traders who are thinking of investing in crypto but are afraid of legal binding can take step forward towards adoption of crypto.i would still say it is thinking way which can affect new investor or public awareness about crypto,without it crypto was growing and it will grow but yes they can act as catalyst to boost progress.

[incomefromcoins]

more institutional investors invest in crypto trading more exposure and funding comes to cryptocurrency industry it is good for crypto market

[omonuyak]

Since those issues are the reason why bitcoin and cryptocurrencies market are having up and down I think we really need ETF approval,  bakkt future trade and others.  We just need to keep hope that there come to pass and there are currently the trigger point.

[Tytanowy Janusz]

more institutional investors invest in crypto trading more exposure and funding comes to cryptocurrency industry it is good for crypto market

Yea bla bla bla. They have soo manny options to buy bitcoins. From bitcoin itseft to bitcoin contracts, ETP in Switzerland and so on. If they would see massive profit here they would not abandon
 it only becauce they are not able to buy it by their favour etf (is ETF really that good for big institutions?).

To pump bitcoin price we need them to come to us to tokenize their old technology traditional stocks to make investing easier. As i said. Its not that easy to buy foreign stocks. You cant transfer shares to other person.

[mangsitin]

Since those issues are the reason why bitcoin and cryptocurrencies market are having up and down I think we really need ETF approval,  bakkt future trade and others.  We just need to keep hope that there come to pass and there are currently the trigger point.

Yes, I am very sure that if Etf and Bakkt are approved it will have a big impact on Bitcoin, for one reason which in my opinion is very appropriate, if Etf is approved then Bitcoin will automatically be officially traded in the US stock exchange, so more people will be confident and invest in Bitcoin.