LOL... probably a while before this happens. Some exchanges are very manipulated and unregulated but they should still allow the markets to price that risk in by approving the ETF's. We never counted on Institutions we are trying to replace to approve Crypto. Only real world adoption matters. Killer user friendly apps are the key!
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It has seemed odd to me that the SEC has approved all kinds of strange ETFs and ETNs in the past while not seemingly as concerned with the spot markets, oil is a perfect example of that. Also, not sure how leveraged volatility products ever got approved.
Oil industry runs United States of America, just like it runs Norway and some countries in the Middle East. Cryptocurrencies don't have big companies backing them up or lobbying for them. Maybe when American companies start to manufacture ASIC miners, there will be big enough companies to lobby for cryptocurrency industry.
That is a great point. It may be a while before that happens. The closest thing we have is Coinbase, and Coinbase has no ties with the regulators or the government yet. We need Goldman to get involved with crypto in a major way. Goldman is a revolving door of former SEC and government employees.
I don't think it will take many years until big companies get involved in crypto industry as reputation and value of FIAT is at all-time low currently...
In just few years nobody will talk about FIAT anymore as there will be no ATMs or physical banks anymore. In Europe a lot of countries have almost completely ceased using cash and use mostly credit or debit cards.
Games will probably bring millions in 2019. Games I think will be huge for the blockchain space. Probably what will lead us into mass adoption is people wanting to play all the cool Crypto games releasing.
I agree with you here. In game tokes and coins have been around for a long time. Now if there were real world markets for those coins, they might really catch on.
There is a coin that can be swapped for gift cards for some online services. Currently it is still not possible to swap coins to tokens directly due to technical limitations.