Reading: Vitalik Buterin: ‘There’s Too Much Emphasis on Bitcoin ETF’ Georgi Georgiev | Jul 31, 2018 | 03:00 Vitalik Buterin, co-founder of the world’s second largest cryptocurrency by means of market capitalization, Ethereum, noted that the community is placing too much attention towards Bitcoin ETFs. Instead, he reiterated on the importance of creating ways of facilitating smaller, retail investments into the market.
Following the recent Bitcoin ETF saga, the co-founder of Ethereum outlined that the public is placing too much emphasis on cryptocurrency exchange-traded-funds (ETFs), when, instead, the focus should be on making means for smaller investments. Buterin makes the case that Bitcoin ETFs are better for “pumping price,” while offering tools for small-time investments in the cryptocurrency market would streamline quicker actual adoption.
However, it’s also worth noting that by drawing a line of the kind, Buterin is also tapping into the two use cases of the world’s first and foremost cryptocurrency. As some users have pointed out, both BTC and ETH can function as investments and mediums of exchange.
As such, a potential ETF would play an important role reinforcing the former, while the means for small-time cryptocurrency purchases would facilitate the latter. Needless to say, Buterin’s tweet has received a fair amount of attention.
The overwhelming majority of people, though, are seemingly sharing the belief that both are equally necessary for the success of the industry, in general. Bitcoin ETFs have become a widely discussed topic in the past few days. Read more from bitcoinist.com…
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