Gurbacs stressed how investors prefer full ownership over fractional ownership.
The advisor maintains that biases are a powerful tool for understanding markets.
Unit bias psychology promotes holding entire units, which might make prospective investors wary of purchasing fractional Bitcoins, says Gabor Gurbacs, an advisor at VanEck. One such answer he proposes is the use of Bitcoin exchange-traded funds (ETFs).
Gurbacs said in a series of tweets on Twitter that a lot of people don’t know they can own a piece of Bitcoin and that even more people would rather own just whole assets. In addition, he stresses again how investors prefer full ownership over fractional ownership.
Powerful Tool for Understanding Markets
Having complete ownership of a share is more satisfying than having 0.001 Bitcoin. He made the comment that it is significant despite how little it seems. Although Gurbacs acknowledges that this is not a novel argument, he maintains that biases are a powerful tool for understanding markets. Even if it’s simplistic, unit bias psychology is really important, he added.
Meanwhile, everyone in the cryptocurrency market is waiting with bated breath for the U.S SEC to approve a spot Bitcoin ETF next week. On the other hand, the wider financial services sector is less optimistic about the likelihood of its actual occurrence.
Just 39% of U.S. financial advisors expect the approval of a Bitcoin ETF in 2024, according to a new poll by Bitwise with answers from 437 financial advisers. According to the most recent reports, asset managers are scheduled to make final changes by the morning of January 8th in preparation for the spot Bitcoin ETF launch on Wall Street.
Highlighted Crypto News Today:
Shiba Inu Team Plans Massive 9.25 Trillion SHIB Burn
