“I’m going to break your bubble,” this is just how Andreas M. Antonopoulos, a major Bitcoin fanatic, described Bitcoin ETF. He felt that his description would make several crypto fanatics curious about the Bitcoin ETF take their steps back as it is a “terrible suggestion”.
” I recognize a great deal of individuals really intend to see an ETF take place because “to the moon as well as lambos!” But I think it is a horrible concept. I still believe it is going to happen, I just believe it is a dreadful suggestion. I’m in fact versus ETFs. I believe a Bitcoin ETF is mosting likely to be damaging to the environment,” he said.
Bitcoin ETF can control costs
Relating To Bitcoin ETF’s capability of drawing in substantial quantity of direct exposure, its appearance has actually triggered expectations. It has actually additionally seen a rise in prices and trading volumes once it has been approved.
ETFs could open the Bitcoin market to a group of institutional financiers and also could likewise offer a platform for big financiers to control the price of Bitcoin (BTC). Antonopoulos in his YouTube video clip collection, ‘Bitcoin Q&A’, he stated: “Everybody is so ecstatic about ETFs. Just what we have seen in various other markets is that when an ETF becomes available, the price truly raises significantly, as unexpectedly that asset appears to a whole lot a lot more capitalists and these investors overdo.
” Yet, the opposite of it, is that there are always these claims that the assets markets are greatly controlled and opening up these ETFs only enhance the capability of institutional capitalists to control the prices of commodities.”