The journey of life is never an easy one. If someone tells you that it's easy, then that person is about to set you up for something that will greatly overwhelm you.
My journey with life has been an overwhelming one. The hardship I faced, gave me strength to be a better person. Though not yet he person I aim to be, the process is a continuous one until I get to where I need to be.
Crypto has been a slightly easy way for us to escape the hardship of life, as it present us many many opportunities ranging from blogging to gaming.
It started with Bitcoin, when the risk takers tried Bitcoin out, invested their money and currently, they are reaping the beautiful rewards as Bitcoin hits $42k (roqqu price) currently.
After the advent of Bitcoin, other alt coins started coming to light through airdrops, mining and blogging. About three weeks ago, avive got listed in okx wallet with a starting price of about $0.12. I have from these coins and I am happy to be a part of it.
Bitcoin has taken one more step forward through the approval of spot Bitcoin ETF. Though Bitcoin ETF has been in existence for a long time, spot Bitcoin ETF got approved few days ago.
WHAT BTC ETF IS ALL ABOUT?
You know how the stock exchange works yeah? That's how the btc etf works. it's like a system that allows a Bitcoin buyer to buy Bitcoin indirectly without the stress of owning a crypto wallet, or going through an exchange.
These ETFs are not actually traded in the crypto exchanges but they are traded in stock exchanges like The New York Stock exchange e.t.c.
It is an inarguable fact that before you buy or sale your crypto, you must do your kyc to confirm your identity, and you must verify some documents. With BTC ETF, you need not do any of these things.
If you decided to purchase a BTC ETF, you are not directly buying the coin. What you're doing is that you are buying shares in an organization that owns Bitcoin.
For example, if I have 10 BTC, you an decide to buy share of BTC in my organization and get your dividend in return.
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As we all know, not everyone has the time and strength to sit down, download a wallet and start going through kyc stuffs. This approach however will make it easier for these people to buy Bitcoin and track the price of Bitcoin price without going through the technological stress.
The determinant of the value of Bitcoin ETF share is dependent on the rise of fall in the price of Bitcoin. As the price jiggle up or down, so does the value of the shares moves in accordance. Market markers play a great role to ensure that the price of Bitcoin etf and Bitcoin are in equilibrium (Just like HBD/USD), making their profit during the process.
Why is the BTC ETF shaking everywhere?
The Bitcoin ETF has brought a great change in the world of crypto. It has developed it to a good extent.
Now, everyone can partake in the world of crypto currency from the comfort of their home with less worries.
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This step will attract more investors in Bitcoin which will in turn alleviate the price of Bitcoin and also, it will bring about market maturity. .
The approval of BTC ETF will also make Bitcoin easily accessible without the stress of kyc.
Also, the approval of BTC ETF will help pave a path towards the adoption of crypto currency as a form of payment world wide.
Thank you for reading 馃槉.
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