I know that the opinion on coinbase is pretty much divided in half these days. There are some who absolutely love it because it's easy to use, and others that hate it, because it stands in opposition of the anarchist views the original cryptocurrency enthusiasts share. But, what if they are the ones to finally break down that door? What if they pull it off and get an ETF approved?

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Biases aside

We have to be able to admit they've done a ton of things right. What other company out there in the cryptospace has an app with as many downloads, as many reviews, as many partnerships? I think the answer is pretty much unanimous across all boards there.

That being said, there are other alternatives popping up, and it's understandable that they would push as hard as they have in order to keep that competitive advantage. In other words, if they didn't innovate as much as they do, they would probably be left in the dust before long.

ETF = Winning?

When I first read that some cryptocurrency voices were completely against ETFs I was very much surprised. The most prominent one, at least for me, is Andreas Antonopoulos, also known by the crypto community as the real Bitcoin Jesus, a title that Roger Ver used to have.

In one of this popular Q&A videos on youtube he pointed out his concerns, and honestly, his arguments as usual, are pretty sound. I would encourage everyone who is keeping hawk eyes on the cryptosphere's waves to check out the video:

However...

There is a flip side to this coin, there are things that cannot be denied regarding the bulls, and when I use the term bulls, I'm using it to paint all enthusiastic speculators. To most, nothing sounds as exciting as Wall Street money. In other words, the FOMO would be real, very real.

Another thing to point out is that ETFs require holding Bitcoin themselves in cold storage. This would mean, that if Coinbase was to get their ETF approved, they would in turn lock up considerable funds to issue shares for markets. Once again, less liquid funds to go, increase in demand, the math is pretty clear.

All this to say that in my opinion, if there is a company in the cryptocurrency space that can pull this off, is probably Coinbase, regardless of how much we love it, or hate it, they keep on winning. That much is apparent.