SEC Approves Bitcoin ETFs, But Author Questions Bitcoin as Digital Gold or Money
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Bitcoin exchange-traded funds (ETFs) have been approved by the Securities & Exchange Commission (SEC), making bitcoin more accessible to investors.
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Bitcoin supporters believe this will lead to higher prices and establish bitcoin as a digital form of gold.
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The author argues bitcoin is neither money nor equivalent to gold.
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No existing cryptocurrency currently presents a viable alternative to government-issued currencies.
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The author invites readers to connect on Twitter or send a tip.