HI-TEC99
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March 10, 2017, 11:35:30 PM

I think any denial of a Bitcoin ETF would be nearly 100% politically-motivated.  It would mean that they (Governments? World Powers?) simply don't want Bitcoin recognized as a legitimate long term financial instrument.  

Could this be more true now?

We're talking about a technology which could totally fuck FIAT currencies and all Central Banks in the ass, so I'm sure this could also be a factor.

US Gov does not want BTC recognized as a stable, dependable technology.

ETF would help it get that kind of legitimacy.

The problem is, Bitcoin doesn't need an ETF to become a globally decentralized peer 2 peer cash electronic payments system that can beat out the traditional financial industry.

We can achieve greatness without them. We already have.

Agreed.

China stopped exchange withdrawals, so the Chinese started using localbitcoins and P2P methods of exchange. We don't need no stinking ETF selling paper Bitcoins, and if pushed we don't need no stinking exchanges either.