Cryptocurrency Q&A Is EFT good for Bitcoin?

Is EFT good for Bitcoin?

Lucia Lucia Wed Dec 25 2024 | 5 answers 1230
I've been hearing about EFT and its potential benefits, but I'm not sure if it's a good fit for Bitcoin. I'm interested in understanding whether EFT can enhance Bitcoin's functionality or if there are any risks involved. Is EFT good for Bitcoin?

5 answers

CryptoTitan CryptoTitan Thu Dec 26 2024
Spot Bitcoin ETFs initially garnered substantial investment from mainstream investors.

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MysticEchoFirefly MysticEchoFirefly Thu Dec 26 2024
A spot Bitcoin ETF does not exert a direct influence on the price of Bitcoins.

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Dario Dario Thu Dec 26 2024
These investors sought exposure to Bitcoins within their brokerage accounts.

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SakuraBlooming SakuraBlooming Thu Dec 26 2024
Instead, it can indirectly impact the price through various mechanisms.

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Federico Federico Thu Dec 26 2024
One way is through increased adoption.

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