Are Bitcoin ETFs good for adoption or “watered down crypto”? The debate rages

As threshing built For place Bitcoin AND F In THE WE., a few are concerned THE industry East moving far Since THE "heart promise" of cryptocurrencies.

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Parts List founder Andy Bromberg believes that place Bitcoin (BTC) exchange traded funds (AND F) are just "watered down crypto" And A sign THE industry East title In THE fake direction, in the middle of growth threshing on potential ETFs approvals In THE United States.

Bromberg — Also CEO of focused on payments wallet application Beam — said Cointelegraph: "If A Bitcoin ETFs East considered crypto, We have failed as A industry. »

He said A Bitcoin ETFs would be "absolutely" be A net positive For crypto adoption but asserted THE the spaces success come Since portion people self-guard assets And decouple Since THE traditional finance system — THE antithesis of A TradFi ETF.

"If crypto adoption arrived Above all through AND F And similar centralized financial instruments, SO THE heart promises of THE technology won't be accomplished — decentralization And TRUE property. »

THE increase of accumulations & account abstraction open THE ability has build payment apps on Ethereum as GOOD as — Or better that — web2 products.

Between self-guard regulatory viability And that new technology, It is THE RIGHT place has concentrate.

And It is What crypto East all about.

— Andy Bromberg (@andy_bromberg) September 20, 2023

Bromberg take East opposite has THE prevailing feeling of excitement around THE potential For place AND F has bring In institutional money. A few predict AND F could see Bitcoin walk capitalization double And THE price hit $150,000 by THE END of 2024.

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