(it was an opinion not investment advice)
If you did give them advice, would it be different?
some coin I’d never heard of
The problem is this person was looking at the market as a whole and then investing in some niche coin. At this point any coin that’s not well-established is mostly likely pure grift.
Right, why invest in a rug pull coin when I can invest in an ETF of all the rug pull coins!
Bitcoin is the only crypto that has been approved by the SEC to be included in ETFs. So far.
So you’re saying there’s a chance? Heh heh heh… Only a matter of time.
There are definitely elements of this administration that want to see their particular shitcoin approved. We’ll see. It was quite the epic legal battle to even get bitcoin through that door. The SEC has rules for financial fundamentals that bitcoin legitimately met, which other coins would have a much harder time proving. But, this is the anything goes administration…
edit - See other user’s comment noting that actually Etherium was also approved for use as a security last year.
Slight correction, seen that Ethereum was also approved to be included in ETFs
Oh, I completely forgot about that. Speaking out my ass. Thanks.
