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The Bad Crypto Podcast
The Future of Bitcoin ETFs with Patrick Daugherty
Jan 24, 2024
Patrick Daherty, a teacher of digital assets at Cornell Law School, discusses the concept of Bitcoin ETFs and the concern of market manipulation. He also explores the tokenization of assets and criminal use of crypto assets. The episode concludes with a discussion on the implications of Bitcoin ETFs for decentralization and advice on seeking financial advice for cryptocurrency investments.
48:07
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Quick takeaways
- Bitcoin ETFs provide a convenient way for investors to gain exposure to Bitcoin without directly owning and storing it, but they deviate from Satoshi Nakamoto's vision of a decentralized peer-to-peer currency.
- The introduction of Bitcoin ETFs could lead to the tokenization of other assets, such as real estate and stocks, offering advantages in liquidity, ease of trading, and cost efficiency.
Deep dives
Bitcoin ETFs Explained
Bitcoin ETFs are investment funds that hold Bitcoin and issue shares that trade on a stock exchange. These shares represent indirect ownership of Bitcoin without the need for investors to directly own and store Bitcoin themselves. The SEC regulates these funds and requires audits to ensure the Bitcoin holdings are legitimate. While Bitcoin ETFs provide a more convenient way for investors to gain exposure to Bitcoin, they do not align with Satoshi Nakamoto's vision of a decentralized peer-to-peer currency.
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Discover
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