“I’m going to break your bubble,” this is exactly how Andreas M. Antonopoulos, a major Bitcoin lover, discussed Bitcoin ETF. He believed that his description would make a number of crypto lovers thinking about the Bitcoin ETF take their steps back as it is a “dreadful concept”.
” I understand a lot of individuals actually want to see an ETF occur because “to the moon as well as lambos!” Yet I believe it is a horrible suggestion. I still think it is going to take place, I simply believe it is a horrible idea. I’m in fact against ETFs. I believe a Bitcoin ETF is going to be harming to the environment,” he claimed.
Bitcoin ETF can manipulate rates
Pertaining to Bitcoin ETF’s capacity of attracting substantial amount of exposure, its emergence has actually given rise to assumptions. It has likewise seen a surge in prices and also trading quantities once it has been approved.
ETFs can open up the Bitcoin market to a group of institutional investors and also could likewise supply a platform for large capitalists to control the price of Bitcoin (BTC). Antonopoulos in his YouTube video clip series, ‘Bitcoin Q&A’, he stated: “Everybody is so ecstatic regarding ETFs. Exactly what we have seen in various other markets is that when an ETF becomes available, the rate truly boosts dramatically, as suddenly that product becomes available to a great deal extra capitalists and also these investors pile on.
” Yet, the opposite of it, is that there are constantly these claims that the assets markets are greatly adjusted and opening these ETFs only enhance the capacity of institutional capitalists to manipulate the prices of assets.”