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20 sats \ 0 replies \ @phygit 17 Jun 2023 \ on: Blackrock spot ETF - let’s talk bitcoin
Positive: Shows that the (very) big guys of finance have a positive stance on Bitcoin. Means Bitcoin is definitely in the Wall Street picture and future.
Negative: More trading, more speculation, more "Bitcoin as a lucrative asset" for big players. Doesn't change anything to the big picture.
Overall: Not bad for Bitcoin image, but absolutely not what Bitcoin urgently needs right now (adoption, real use case for normal citizens and merchants).