Let’s hope ETFs come to Australia as well. It will expose lifestyle businesses like dcc and decimate their fee revenues and divert would-be investors to punt on the currency asset itself.
i think we can all agree dcc have no idea about crypto trading as their history has shown. They are only apt at raising and leveraging off the markets perception of their crypto “knowledge”.
I hope these ETFs will be enough to put companies like dcc out of business. It might lead to a more efficient crypto space with less rorts and help consolidate btc power amongst the whales so they can continue making money off all the unsuspecting fools waiting for btc to be valued in the six figure range. Sort of ironic really being decentralisation was a big thing with btc. Instead it’s centralised to a handful of individuals and organisations that hold a lot of it and which are regulated a lot less than central banks.
trade the trade but I suspect shorting btc this year will make some money.
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