Google is preparing for Spot Bitcoin ETF

[davis196]

In anticipation of the approval of Bitcoin ETF, Google is adjusting its guidelines for crypto-related products. Before now Google had been very strict on crypto-related advertising on the platform because of concerns for fraud and misleading promotion. However, it seems they are gradually adjusting these policies to reflect the increased mainstream or institutional adoption of Bitcoin.

From January 2024 Google will allow adverts on financial products that allow investors to trade shares in trusts holding large pools of digital currency known as "Cryptocurrency Coin Trusts". With this change in policy crypto coin trusts could run ads on Google provided they register with the SEC. This subtle adjustment of ads policy is an indication that they are preparing for Spot Bitcoin ETF.

Investors buying shares in crypto coin trusts? Sounds like some centralized sh*t to me. It's like we are back in 2017, or back in the "Bitcoin futures trading era" as I like to call it. Investors don't need financial derivatives, they should buy BTC directly.
Anyway, Google can advertise whatever they want. I don't know about a clear correlation between this change of the Google Ads policy and the Bitcoin ETF approval. I don't believe that some high tier Google executives have insider information about SEC approving the Bitcoin Spot ETF.

[dezoel]

I feel like that would be quite important, after all seeing bitcoin as something at the highest end of legality with ETF means that google has to approach this a lot differently. Surely there are scams in the crypto world but there are scams in the fiat world as well, scam world did not started in 2008, there were many scams before that and before bitcoin was even created, which is why we should be careful about it.

I understand that we are not going to end up with anything that should be profitable, we should be considering this situation as normal. Google must take the needed steps to make sure that they are basically supporting bitcoin at all times and they are considering it as legal as it can possibly can at this point.

[gunhell16]

In anticipation of the approval of Bitcoin ETF, Google is adjusting its guidelines for crypto-related products. Before now Google had been very strict on crypto-related advertising on the platform because of concerns for fraud and misleading promotion. However, it seems they are gradually adjusting these policies to reflect the increased mainstream or institutional adoption of Bitcoin.

From January 2024 Google will allow adverts on financial products that allow investors to trade shares in trusts holding large pools of digital currency known as "Cryptocurrency Coin Trusts". With this change in policy crypto coin trusts could run ads on Google provided they register with the SEC. This subtle adjustment of ads policy is an indication that they are preparing for Spot Bitcoin ETF.

It looks like Google is preparing this Bitcoin ETF, in my opinion, and they are not late to the news that will happen with the Bitcoin spot ETF; they know that there will be a rise in the price of Bitcoin in the coming year 2024.

And I also think that this Google owner also has Bitcoin holdings, based on my observation and assessment. A lot of people are now expecting a high Bitcoin price value in the market, and it is not surprising that the big companies are now slowly turning their attention to Bitcoin.

[KingsDen]

Google knows it's time to readjust because bitcoin is no longer a new player in the industry. Perhaps, they were waiting for adoption and ETF is the perfect signal of mass adoption they have been waiting for.

I can imagine how great they are at playing business strategies in taking advantage of every available opportunity.

Ahead of the Bitcoin halving, sources say they are making silent revisions. I paused for a moment and tried to dig out some news about Google banning advertising of all cryptocurrencies. It turns out that Google has banned crypto advertising several times, such as in 2018 and the moment is almost similar to the current situation when Bitcoin strengthened to reach its highest price.

I remember I have read in the past when google declared a total ban in cryptocurrency related projects, articles, advertisement and more. But I do not remember when they gradually ease off some bans. That is common with Bitcoin. Even some countries who initially issued a total ban on bitcoin in recent years have revisited their decisions.

One thing I noticed about google is their gross inconsistency and about their personal gain. They actually do not protect the people, if not they would have been paying their customers some dividends for using their data for commercial purposes for many years. The reason the war was severe was because they didn't understand the essence of bitcoin decentralisation. They thought it would interfere in their business. Now that the unbiased purpose of bitcoin and cryptocurrency is gradually sinking into the society, there's need for readjustment.

[darkangel11]

Investors buying shares in crypto coin trusts? Sounds like some centralized sh*t to me. It's like we are back in 2017, or back in the "Bitcoin futures trading era" as I like to call it. Investors don't need financial derivatives, they should buy BTC directly.
Anyway, Google can advertise whatever they want. I don't know about a clear correlation between this change of the Google Ads policy and the Bitcoin ETF approval. I don't believe that some high tier Google executives have insider information about SEC approving the Bitcoin Spot ETF.

That's what ETFs are - a centralized shit, and yes, you can say shit in here. I've never had posts containing mildly vulgar words like shit or ass removed. Even little kids use these words these days.
Anyway, some people need this centralized shit to be able to invest due to their company's policies, which is we shouldn't say no to centralization that wants to enter the market fair and square. If a bitcoiner wants centralized services, he should be able to choose. Some people will say that it's against Satoshi's vision, but we aren't obliged to follow his vision. It's not a cult of Satoshi. If you bought bitcoin on the free market, you can do whatever you choose with it. If you want to "destroy" it, you can. If you want to give it away, you can. If you want to buy an IOU signed by BlackRock or Fidelity, next year you'll be able to. 
Google is a business, they can't say no to money and BlackRock is money.

[AprilioMP]

One thing I noticed about google is their gross inconsistency and about their personal gain. They actually do not protect the people, if not they would have been paying their customers some dividends for using their data for commercial purposes for many years.

Their inconsistency and only thinking about personal gain can be felt in the vulnerability of the applications available on the play store. Whether this can be attributed to their intention of only thinking about personal gain, I don't really understand. If it's wrong, please correct it.

They should improve security there when many users download applications directly from the Play Store, not from the official website.

The reason the war was severe was because they didn't understand the essence of bitcoin decentralisation. They thought it would interfere in their business. Now that the unbiased purpose of bitcoin and cryptocurrency is gradually sinking into the society, there's need for readjustment.

I think they understand the essence of Bitcoin's decentralization and I also think that they also understand how positive and negative Bitcoin impacts their business.

Maybe because they understand more than us, they, as large companies and have quite a large amount of access, easily convince their users with frames that make it seem like advertising cryptocurrency and Bitcoin is like a scam.
This time I also ask for correction if I am wrong and not subjective.

[tygeade]

Investors buying shares in crypto coin trusts? Sounds like some centralized sh*t to me. It's like we are back in 2017, or back in the "Bitcoin futures trading era" as I like to call it. Investors don't need financial derivatives, they should buy BTC directly.
Anyway, Google can advertise whatever they want. I don't know about a clear correlation between this change of the Google Ads policy and the Bitcoin ETF approval. I don't believe that some high tier Google executives have insider information about SEC approving the Bitcoin Spot ETF.

I think it is as centralized as it gets and yet some people trust that a lot more. If you are a company with 150 billion in investments (not your money, that's what people gave you to invest) then you are going to not use binance or coinbase to buy bitcoin.

But, you would be willing to buy some blackrock Bitcoin ETF to make sure that you are protected. Obviously that's not what anyone really wants, obviously they would not prefer if someone else holds their bitcoin, they would love to hold their own coins but the risk that comes with it is huge. If you own your own bitcoins and you end up losing it all, then it's your problem, but if blackrock holds your coins and they lose it, then you share the problem with them.

[Altryist]

I remember I have read in the past when google declared a total ban in cryptocurrency related projects, articles, advertisement and more. But I do not remember when they gradually ease off some bans. That is common with Bitcoin. Even some countries who initially issued a total ban on bitcoin in recent years have revisited their decisions.

One thing I noticed about google is their gross inconsistency and about their personal gain. They actually do not protect the people, if not they would have been paying their customers some dividends for using their data for commercial purposes for many years. The reason the war was severe was because they didn't understand the essence of bitcoin decentralisation. They thought it would interfere in their business. Now that the unbiased purpose of bitcoin and cryptocurrency is gradually sinking into the society, there's need for readjustment.

Perhaps this is just one way to add positivity for the further growth of Bitcoin. All these bans were in a bear market, which in turn brought negativity and subsequently contributed to the fall of the market, now that everything has changed and Bitcoin has begun to grow, they are trying to support it with positive news. Who can say why Google decided to make this decision now and allow advertising to be shown again? For me this is not just a coincidence.

[icalical]

I never think that Google is opposed to Bitcoin, they just have big responsibilities toward their massive and extremely diverse users

They have big responsibilities towards their massive shareholders to make profits.

Well, that's also true, they are a 'for profit business' after all, not a non-profit, so from that point of view opening channel for Crypto business that is still emerging nowadays to use their platform, will significantly surging their profits. Also in that sense, there is a possibility that Google will back to ban crypto ads when the market is bad, they have done this before I think.

[_BlackStar]

In anticipation of the approval of Bitcoin ETF, Google is adjusting its guidelines for crypto-related products. Before now Google had been very strict on crypto-related advertising on the platform because of concerns for fraud and misleading promotion. However, it seems they are gradually adjusting these policies to reflect the increased mainstream or institutional adoption of Bitcoin.

From January 2024 Google will allow adverts on financial products that allow investors to trade shares in trusts holding large pools of digital currency known as "Cryptocurrency Coin Trusts". With this change in policy crypto coin trusts could run ads on Google provided they register with the SEC. This subtle adjustment of ads policy is an indication that they are preparing for Spot Bitcoin ETF.

This is good news that needs to be welcomed. In the end, bitcoin and cryptocurrency will win the battle because of the high public interest in them. Adjustments may not only be made by Google - but governments will also make adjustments that may be beneficial. There's no point in banning this emerging bitcoin - in fact I don't think it makes sense that if someone attacks bitcoin with all the ammunition they have, it won't be completely successful.

If a spot bitcoin ETF is approved in 2024 - then I firmly believe that the real use cases and adoption of bitcoin will really increase tremendously. The government just needs to regulate it - not ban it.

[Bananington]

In anticipation of the approval of Bitcoin ETF, Google is adjusting its guidelines for crypto-related products. Before now Google had been very strict on crypto-related advertising on the platform because of concerns for fraud and misleading promotion. However, it seems they are gradually adjusting these policies to reflect the increased mainstream or institutional adoption of Bitcoin.

From January 2024 Google will allow adverts on financial products that allow investors to trade shares in trusts holding large pools of digital currency known as "Cryptocurrency Coin Trusts". With this change in policy crypto coin trusts could run ads on Google provided they register with the SEC. This subtle adjustment of ads policy is an indication that they are preparing for Spot Bitcoin ETF.

This is good news that needs to be welcomed. In the end, bitcoin and cryptocurrency will win the battle because of the high public interest in them. Adjustments may not only be made by Google - but governments will also make adjustments that may be beneficial. There's no point in banning this emerging bitcoin - in fact I don't think it makes sense that if someone attacks bitcoin with all the ammunition they have, it won't be completely successful.

If a spot bitcoin ETF is approved in 2024 - then I firmly believe that the real use cases and adoption of bitcoin will really increase tremendously. The government just needs to regulate it - not ban it.

This is all set to embrace decentralized currency. I wonder however if this is how the new world order takes shape?
It's good to see other web companies accept the existence of BTC and cryptocurrencies and are upgrading their softwares and apps to accommodate the BTC ETF soon to be launched.