“I’m going to rupture your bubble,” this is how Andreas M. Antonopoulos, a major Bitcoin lover, explained Bitcoin ETF. He was of the opinion that his description would make numerous crypto enthusiasts interested in the Bitcoin ETF take their go back as it is a “terrible suggestion”.
” I recognize a great deal of individuals actually want to see an ETF happen due to the fact that “to the moon as well as lambos!” However I assume it is a horrible idea. I still assume it is going to happen, I just assume it is a horrible concept. I’m in fact against ETFs. I assume a Bitcoin ETF is going to be damaging to the ecological community,” he said.
Bitcoin ETF can adjust rates
Pertaining to Bitcoin ETF’s capacity of drawing in significant quantity of exposure, its appearance has actually given rise to expectations. It has also seen a rise in costs and also trading volumes once it has actually been approved.
ETFs can open the Bitcoin market to a team of institutional capitalists as well as could also supply a platform for large financiers to control the rate of Bitcoin (BTC). Antonopoulos in his YouTube video clip series, ‘Bitcoin Q&A’, he stated: “Everyone is so ecstatic regarding ETFs. Exactly what we have actually seen in various other markets is that when an ETF appears, the rate truly raises significantly, as unexpectedly that commodity appears to a whole lot more investors as well as these investors overdo.
” But, the other side of it, is that there are always these cases that the products markets are greatly manipulated and opening these ETFs only boost the capability of institutional capitalists to manipulate the prices of products.”