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September 01, 2020 1:39pm
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RocketFuel weighs in on how Bitcoin ETF approval can encourage crypto adoption and awareness

RocketFuel Payment Solutions CEO Peter Jensen joined Proactive's Natalie Stoberman to discuss the importance of how a spot Bitcoin ETF could increase awareness, exposure and the adoption of cryptocurrencies.

According to Jensen, if a spot Bitcoin ETF from mainstream financial institutions like BlackRock, Fidelity, and Schwab were to be approved by the SEC, it could provide credibility and trust for more people to experiment with crypto. Although BlackRock had to refile their application with the SEC, Jensen says he remains optimistic about the eventual approval.

He emphasized the need for proper regulation to ensure the industry's stability and growth. And if approved, a Bitcoin ETF could lead to greater knowledge and utilization of crypto, with individuals allocating a portion of their net worth to digital assets along with accelerating the introduction of central bank digital currencies (CBDCs) like the digital dollar in the U.S.

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