Nice article gives one great insight into bitcoin.
The Security and Exchange Commission(SEC) is due decide whether to green light a new Bitcoin Exchange Traded Fund(ETF). The decision could provide the crypto-currency with a robust regulatory framework and provide investors with an easier access to Bitcoin assets.
-Here are implications
1 -Price Can Skyrocket
2 - Winner Takes Most
3-Currency Trading & Hedging Mechanisms
4-Sophisticated Trading Strategies
5-Other Exchanges, Countries and Digital Currencies to Follow
Bitcoin creates utility in a number of ways.
Like gold, Bitcoin is perfectly fungible (one Bitcoin is similar to another), it is divisible (you can pay someone a small fraction of Bitcoin, should you want to) and easily verifiable (via the Blockchain).