“I’m mosting likely to rupture your bubble,” this is just how Andreas M. Antonopoulos, a significant Bitcoin lover, clarified Bitcoin ETF. He believed that his explanation would certainly make a number of crypto lovers interested in the Bitcoin ETF take their steps back as it is a “terrible concept”.
” I understand a lot of people truly wish to see an ETF occur due to the fact that “to the moon and also lambos!” Yet I believe it is a dreadful idea. I still assume it is going to occur, I just think it is a dreadful idea. I’m really against ETFs. I assume a Bitcoin ETF is going to be harming to the community,” he claimed.
Bitcoin ETF can adjust rates
Pertaining to Bitcoin ETF’s capability of drawing in considerable amount of exposure, its appearance has actually generated assumptions. It has actually also seen a surge in rates and trading quantities once it has been authorized.
ETFs could open the Bitcoin market to a team of institutional financiers as well as can likewise offer a system for large financiers to control the price of Bitcoin (BTC). Antonopoulos in his YouTube video clip collection, ‘Bitcoin Q&A’, he stated: “Everybody is so excited concerning ETFs. What we have actually seen in other markets is that when an ETF appears, the price actually increases dramatically, as instantly that asset becomes available to a lot a lot more investors and also these capitalists overdo.
” But, the opposite of it, is that there are always these claims that the assets markets are heavily controlled and also opening up these ETFs only enhance the ability of institutional financiers to manipulate the costs of commodities.”