Crypto for Grandma

This week, the SEC effectively approved Bitcoin/Cryptocurrency ETFs for retail investors. No longer will folks have to trade on some shadowy platform or even open up a Coinbase account. It is cryptocurrency for the masses, but is it a good idea? After all, can anyone effectively value, say, a Bitcoin? Is it really a currency? A method of exchange or store of value? Or is it a volatile asset class? If the latter, what happens when it becomes completely mainstream? When your grandmother can buy it? 

In this week’s Trading Perspectives, Sam and John discuss recent SEC rulings approving Bitcoin ETFs. Just how successful will they be? Who is going to buy them? Also, what is going to happen in the other SEC now that Nick Saban has retired?