The cynical view of ETFs in crypto is that it

Question

The cynical view of ETFs in crypto is that it

denotes the capture of the industry leading projects like Bitcoin by legacy/establishment infrastructure.

A glass half full (or naïve?) perspective could be that these ETFs merely depict the evolving reality that the establishment financial industry and government have finally begun to realise the enormous potential of the technology and are busy implementing a managed transition. Under such a scenario, of course the gatekeepers would ensure the preservation of their own existing advantage, but this still might be better than having the entire establishment lined up against progress.

And were a privacy token ETF to ever be approved, it would setup a far less frosty future outlook for projects like zcash.

The fact that this seems farthest from the minds of regulators who are currently still in the act of scrambling to regulate privacy away doesn't dismay me that much because I think once you orange pill mainstream finance guys into Bitcoin, they inevitably follow the same path through Ethereum and ultimately to zcash and crypto privacy, just as we have all done.

It is a natural and logical progression. Everyone will ultimatley need the privacy that zcash provides. Bitcoin and Ethereum ETFs are a magnificent Trojan horse to turbo charge mainstreaming of ZEC adoption!

#blockchain #cryptocurrency #english #zec

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23.05.2024

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Tim · Accepted Answer

Tim

(Re)Realise the potential of scarcity yes, but not technology…

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6 месяцев назад

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The cynical view of ETFs in crypto is that it

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