April 30, 2018
People saying that the top wallets own 90% of the bitcoin are forgetting that some of those wallets are Exchange wallets that are holding bitcoin on behalf of hundreds of thousands if not millions of people.
Bitcoin ETFs should be approved because doing so opens up much needed access to a wide base of investors seeking a means to invest in this emerging technology, but do not yet have the time nor computer savvy to set up their own personal bitcoin wallet software. We live in an information age, and bitcoin, along with the distributed ledger technology it has created incentive for the adoption of, is a substantial and important step in the Financial technology realm towards the adoption and integration of these technologies on a global scale.