“I’m mosting likely to rupture your bubble,” this is exactly how Andreas M. Antonopoulos, a major Bitcoin lover, clarified Bitcoin ETF. He was of the opinion that his explanation would certainly make numerous crypto enthusiasts interested in the Bitcoin ETF take their steps back as it is a “horrible concept”.
” I recognize a lot of individuals really intend to see an ETF take place because “to the moon as well as lambos!” But I believe it is a dreadful concept. I still believe it is mosting likely to occur, I just believe it is a terrible suggestion. I’m really versus ETFs. I assume a Bitcoin ETF is mosting likely to be harming to the community,” he stated.
Bitcoin ETF could control rates
Referring To Bitcoin ETF’s capability of drawing in significant amount of direct exposure, its appearance has actually given rise to expectations. It has likewise seen a surge in costs and trading volumes once it has been authorized.
ETFs could open the Bitcoin market to a team of institutional investors and also can also give a system for big capitalists to control the cost of Bitcoin (BTC). Antonopoulos in his YouTube video collection, ‘Bitcoin Q&A’, he claimed: “Everybody is so fired up concerning ETFs. What we have actually seen in various other markets is that when an ETF appears, the rate truly raises significantly, as unexpectedly that commodity becomes available to a lot extra financiers and also these investors overdo.
” But, the other side of it, is that there are always these claims that the assets markets are heavily controlled and opening up these ETFs only increase the capacity of institutional investors to manipulate the rates of assets.”