Nothing

Bitcoin

Read

Spot

<ul> 
 <li>Bitcoin ETF approval sparks debates on its impact on Bitcoin’s core values.</li> 
 <li>Traditional giants like Blackrock could control Bitcoin supply, impacting its future.</li> 
 <li>Optimists see Bitcoin’s integration with finance as a transformational opportunity.</li> 
</ul> 
<p>The recent <a href="https://cryptonewsland.com/spot-etf-approval-could-unlock-300-billion-for-bitcoin-says-morgan-creek-capital-ceo/" target="_blank" rel="noreferrer noopener">approval of a spot Bitcoin ETF</a> has ignited discussions about the future of Bitcoin and its potential transformation at the hands of traditional financial institutions. While some see it as a historic moment, others fear it marks a departure from Bitcoin’s original ethos.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">1. Is this the end of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> as we know it? The truth about the <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> spot ETFs. <a href="https://t.co/ZH6d9Ufi0z">https://t.co/ZH6d9Ufi0z</a></p>— Miles Deutscher (@milesdeutscher) <a href="https://twitter.com/milesdeutscher/status/1706020718910312867?ref_src=twsrc%5Etfw">September 24, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Bitcoin, often championed as ‘the people’s money’ by cypherpunk enthusiasts, has faced a crossroads with the ETF approval. Critics argue that the allure of massive profits in fiat currency might undermine its core principles. As Bitcoin’s value soars, the concern is that most holders will succumb to the temptation to sell.</p> 
<p>Large financial players like <a href="https://www.blackrock.com/us/individual" target="_blank" rel="noreferrer noopener nofollow">Blackrock</a> and <a href="https://www.fidelity.com/" target="_blank" rel="noreferrer noopener nofollow">Fidelity</a>, who are set to manage significant BTC supplies through their ETFs, could further shape Bitcoin’s destiny. With substantial cash reserves, they could absorb available coins over the next decade. Bitcoin’s unique properties make it an ideal collateral, potentially enabling the creation of innovative financial instruments.</p> 
<p>In this changing landscape, borrowers may soon be able to secure fiat loans against their Bitcoin holdings, heralding a new era in finance. While many still hold a deep affection for Bitcoin’s core concept, some have come to terms with the reality that crypto may not overpower the world’s largest financial institutions.</p> 
<h3 class="wp-block-heading" id="h-tradfi-moves-in-on-bitcoin">TradFi Moves in on Bitcoin</h3> 
<p>The mass adoption of Bitcoin by traditional finance raises concerns about its future, with worries that it might undergo unwelcome changes. However, some optimists believe this integration could inadvertently transform the financial system for the better.</p> 
<p>One post highlights how there is a legitimate concern among many bitcoiners. He states that the increasing ownership of Bitcoin by the traditional financial system will transform Bitcoin for the worse. In addition, he believes it’s just as likely this adoption will unintentionally transform the financial system for the better.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Nothing changes <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>’s core, and Bitcoin’s core changes everything. <a href="https://t.co/PfFFCd0qMM">https://t.co/PfFFCd0qMM</a></p>— Robert ₿reedlove (@Breedlove22) <a href="https://twitter.com/Breedlove22/status/1706132028050087985?ref_src=twsrc%5Etfw">September 25, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>A response to this post says that nothing can change Bitcoin’s core. Instead, Bitcoin’s core will change everything. In response to that iconic statement, another Bitcoin enthusiast states what the community could consider as its Rule 1. This is to not sell your <a href="https://cryptonewsland.com/blackrocks-bitcoin-etf-a-game-changer-that-could-skyrocket-btc-over-100000/" target="_blank" rel="noreferrer noopener">Bitcoin to BlackRock</a>.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/blackrock-urges-urgent-approval-of-bitcoin/">BlackRock Urges Urgent Approval of Bitcoin Spot ETF from SEC</a></li>
 <li><a href="https://cryptonewsland.com/spot-etf-approval-could-unlock-300-billion-for-bitcoin-says-morgan-creek-capital-ceo/">Spot ETF Approval Could Unlock $300 Billion for Bitcoin, Says Morgan Creek Capital CEO</a></li>
 <li><a href="https://cryptonewsland.com/cores-revolutionary-satoshi-plus-consensus-marries-decentralization-security-and-scalability/">Core’s Revolutionary Satoshi Plus Consensus Marries Decentralization, Security, and Scalability</a></li>
 <li><a href="https://cryptonewsland.com/ark-invest-leads-in-pursuit-of-spot-bitcoin-etf-approval/">ARK Invest Leads in Pursuit of Spot Bitcoin ETF Approval, Surpassing BlackRock</a></li>
 <li><a href="https://cryptonewsland.com/multiple-ether-futures-etfs-on-secs-approval-horizon/">Multiple Ether Futures ETFs on SEC’s Approval Horizon</a></li>
</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/cound-bitcoin-etf-approval-lead-to-the-end-of-bitcoin/">Cound Bitcoin ETF Approval Lead to the End of Bitcoin?</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Cound Bitcoin ETF Approval Lead to the End of Bitcoin?

Table of Contents

Crypto News Land

Other articles published on Sep 25, 2023

Barcelona-based Street Cy₿er collective: Uniting Bitcoin and street art

New Cryptocurrency Meme Kombat ($MK) Launches Public Token Presale, Staking Platform

Market Assessment 24th Sep: BTC, LINK, MKR, ARB, THETA

Hydranet Launches Layer 3 DEX: A Game Changer for Trustless Cross-Chain Trading (25 Sep)

Elon Musk Teases Next Big X Update in Chat with Dogecoin (DOGE) Designer

Why are Hotel Booking Companies Like ABNB Shares Declining?

Join our free newsletter for daily crypto updates!