12:12You Need To Withdraw Your Bitcoin
You might be excited at the stamp of approval this gives bitcoin from the old guard. It will also allow many investors to much more easily gain exposure to bitcoin through current accounts at big banks. These are huge positives for a new commodity that’s rapidly gaining recognition as a revolutionary instrument for storing value over time.
However, as with many financial products on Wall Street, the people of Main Street should tread with caution. Big banks are not known for having the interests of the average Joe in mind.
The biggest hidden danger of a bitcoin ETF, though, goes deeper than the big banks. It goes all the way to the most powerful governments and the source of the world’s current reserve currency.
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