A purely bitcoin-based exchange-traded fund offers “a step toward consumer protection,” Ric Edelman says.
Supreme Court Justice Neil Gorsuch Again Doesn't Wear Mask on Bench, Sotomayor and Breyer Log in Remotely for Hearing
"One of the big concerns that they raised, that Chairman Gensler has raised, is that they can't control it well enough. Well, they can't control gold or oil, either," he said. Edelman expects one-third of Americans to own bitcoin by the end of 2022 as cryptocurrency becomes"more and more mainstream." Currently, about a quarter of Americans own bitcoin, he said.
The industry's efforts to quell the SEC's concerns could finally bear fruit this year, Bitwise's Matthew Hougan agreed.
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