There have been days when people were used to be apprehensive about the existence of Cryptocurrency and Bitcoin; however the last couple of months have been really a roller coaster ride.
To be honest, anyone who had been following bitcoin must have missed the arguments and discussion over Bitcoin and Crypto-currency’s success. And this will be missed on regular basis as various organizations in trading have showed interest and found that Bitcoin trading can really be a profitable venture. The interested have been boosted further as ETF has also showed positive signs for acceptability of Bitcoin and Cryptocurrency trading.
The scalability of Bitcoin and Cryptocoins:
The scalability of Bitcoin has always been suspected. Investors have always remained in doubt, whether they will be able to sustain and make profit. There are ample of reasons why people have always been apprehensive about the scalability:
- Its Acceptability
- Government Recognition
- The Source
The conversations will come to an end as soon as Bitcoin ETF will be launched. Though, people trading in bitcoin and cryptocoins and other currency believe that the change will take some time as a trust factor has to be built initially. People can be seen in argumentive conversations at the moment on the price scalability of Bitcoin and other cryptocoins once Bitcoin ETF gets in the market on alt news website https://altbitnews.com
The concept of Bitcoin is so confusing that one cannot really predict what future holds for it. The reason why people are counting on ETF could be as follows:
Bitcoin ETF can be used as an antithesis of the purpose Bitcoin can solve.
It cannot be used as a medium of exchange.
Since ETF Bitcoins can’t go off the track, hence an investor can count on its reliability. The reason behind the same is each ETF Bitcoin will be carrying the proof of ownership to be launched and get on the success track.
The ETF is counting on those investors who will shuffle with their equities and use some part of it by investing it in ETF Bitcoin. This factor will lead to surge in Bitcoin Prices and sustainability too acc to https://coindummies.com
Some shortcomings of this ETF Launch could be as follows:
- Initial stage can be disappointing, as investors will like to see the market sustainability and acceptance too.
- There are ample of Crypto investors who are big fishes; it can be an outbreak of Sale revolution as people will be apprehensive of the stature of ETF in the crypto market.
- The entire project can turn to a flop show as experts have also suspected that there are not many who are holding their bulls to invest in crypto currencies.
What could be the possible outcome?
One can easily get into the conclusion that it can be a case that Bitcoin and other Crypto currencies may find once again a place of discussion amongst us (who generally discuss a lot before we pull a card from the pack). If that happens, then we are sure that people will be investing in only those coins which will be meritorious and people can see their benefit on the basis of stability, usage and legalities etc.