Frank Chapparo: the launch of a Bitcoin ETF will not affect the prices of cryptocurrencies. Most importantly — spread the amount of cryptocoins

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Frank Chapparo: the launch of a Bitcoin ETF will not affect the prices of cryptocurrencies. Most importantly — spread the amount of cryptocoins

Based on this, the launch of a Bitcoin ETF will have no impact on the prices of scriptaction. The main question to be addressed is the mass distribution of digital coins, that is, there must be an emphasis on continuing to broaden the base of users of the cryptocurrency among individuals, that is, retail investors. Investment banks and funds can not replace their role.

Chapparo noticed that traditional financial media was of great importance in the bringing to market of institutional investors, the representatives of which, if it were not so much interesting intelligence about the cryptocurrency market, so would never have come to this market. Thus, at some point was abandoned work by “chewing” the topic of cryptocurrencies for those who knows nothing about the blockchain and cryptomath about how it all works. This work required that ordinary people have learned to invest in kryptonite, and use them in your everyday life.

He urged not to be “obsessed” with the idea of a Bitcoin ETF, and focus on those ordinary people who do not possess practical skills for production, purchase and use of cryptocurrency.

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