{"id":121756,"date":"2023-07-13T05:58:32","date_gmt":"2023-07-13T05:58:32","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-etf-is-not-most-important-adoption-vector-for-btc-says-gabor-gurbacs-crypto-news\/"},"modified":"2023-07-13T05:58:34","modified_gmt":"2023-07-13T05:58:34","slug":"bitcoin-etf-is-not-most-important-adoption-vector-for-btc-says-gabor-gurbacs-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-etf-is-not-most-important-adoption-vector-for-btc-says-gabor-gurbacs-crypto-news\/","title":{"rendered":"Bitcoin ETF Is Not Most Important Adoption Vector for BTC, Says Gabor Gurbacs\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__lead-img--wrapper\" href=\"https:\/\/u.today\/vladislav-sopov\"><\/p>\n<p><\/a><\/p>\n<div class=\"article__lead-info\"><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__lead-name\" href=\"https:\/\/u.today\/vladislav-sopov\">Vladislav Sopov<\/a><\/p>\n<p>Amid euphoria around Bitcoin ETF filings by US asset management giants, VanEck&#8217;s Gurbacs indicates one more important focus area for the largest cryptocurrency.<\/p>\n<\/div>\n<\/div>\n<div>\n<div class=\"article__contents\">\n<p>Contents<\/p>\n<ul class=\"article__contents-list\">\n<li class=\"article__contents-item\"><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__contents-link link-pseudo\" href=\"#h20\">Bitcoin ETF journey is great, but focus on developing markets, says Gurbacs<\/a><\/li>\n<li class=\"article__contents-item\"><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__contents-link link-pseudo\" href=\"#h31\">Analysts indicate dozens of ways Bitcoin ETF launch could change the game in crypto<\/a><\/li>\n<\/ul>\n<\/div>\n<p>More and more cryptocurrency experts are sure that the potential approval of a spot Bitcoin ETF by US regulators will trigger another bullish rally and introduce Bitcoin (BTC) to no-coiners.  Crypto veteran Gabor Gurbacs shares his own &#8220;perspective&#8221; on global BTC adoption mechanisms.<\/p>\n<h2 id=\"h20\">Bitcoin ETF journey is great, but focus on developing markets, says Gurbacs<\/h2>\n<p>Generations of unbanked individuals and businesses in regions with emerging economies remain the main adoption vector for Bitcoin (BTC), the largest cryptocurrency.  Tether and VanEck&#8217;s advisor Gabor Gurbacs shared this observation today with his 56,000 Twitter followers.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Some big financial institutions in Developed Markets want to offer Bitcoin funds.  That&#8217;s great, but the most important adoption vector is individuals and businesses in Emerging Markets (many unbanked) who do need Bitcoin.  Just some perspective that&#8217;s worth remembering.<\/p>\n<p>\u2014 Gabor Gurbacs (@gaborgurbacs) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/gaborgurbacs\/status\/1679098804312719361?ref_src=twsrc%5Etfw\">July 12, 2023<\/a><\/p><\/blockquote>\n<p>This thesis is worth remembering today, when all eyes are on the Bitcoin ETF approval process.  As covered by U.Today previously, a number of top-tier US asset managers filed with the SEC for spot Bitcoin-based exchange-traded funds.<\/p>\n<p>BlackRock, the flagship heavyweight of this process, managed to send the second version of its documents to SEC registrars.  The same moves were made by Valkyrie, WisdomTree, Fidelity and a couple of their competitors.<\/p>\n<p>Once the spot Bitcoin ETF is approved, wealthy no-coiners will be able to benefit from BTC price swings with no need to store Bitcoin (BTC) physically.<\/p>\n<h2 id=\"h31\">Analysts indicate dozens of ways Bitcoin ETF launch could change the game in crypto<\/h2>\n<p>In the previous bullish rally, OTC-traded products by Grayscale Investments were used to fill the gap between conservative investors and digital currencies.<\/p>\n<p>However, it all might change in the upcoming cycle.  As covered by U.Today previously, analysts claimed that the Bitcoin ETF might bring a new generation of users to the crypto sphere.<\/p>\n<p>Also, Ilan Solot, co-head of digital assets at Marex Solutions, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/bitcoin-etf-narrative-shapes-btc-bullish-rally-in-many-ways-asset-management-vet-says\">opined<\/a> that this event can rebuild trust in Bitcoin (BTC) as a mature investing asset.<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vladislav Sopov Amid euphoria around Bitcoin ETF filings by US asset management giants, VanEck&#8217;s Gurbacs indicates one more important focus area for the largest cryptocurrency. Contents Bitcoin ETF journey is great, but focus on developing markets, says Gurbacs Analysts indicate dozens of ways Bitcoin ETF launch could change the game in crypto More and more [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":121757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-121756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=121756"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121756\/revisions"}],"predecessor-version":[{"id":121758,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121756\/revisions\/121758"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/121757"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=121756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=121756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=121756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}