Andreas Antonopoulos bursts Bitcoin ETF bubble calling it a “terrible idea”

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August 20, 2018 by
Andreas Antonopoulos bursts Bitcoin ETF bubble calling it a “terrible idea”

“I’m going to rupture your bubble,” this is exactly how Andreas M. Antonopoulos, a major Bitcoin lover, discussed Bitcoin ETF. He felt that his description would certainly make a number of crypto enthusiasts curious about the Bitcoin ETF take their steps back as it is a “horrible suggestion”.

” I know a lot of individuals truly intend to see an ETF happen because “to the moon and lambos!” But I believe it is a dreadful idea. I still think it is mosting likely to happen, I simply think it is a horrible idea. I’m really against ETFs. I believe a Bitcoin ETF is going to be harming to the ecosystem,” he claimed.

Bitcoin ETF can adjust rates
Concerning Bitcoin ETF’s capacity of attracting substantial quantity of direct exposure, its emergence has given rise to expectations. It has additionally seen a surge in rates and also trading quantities once it has actually been authorized.

ETFs could open up the Bitcoin market to a team of institutional investors and also can likewise give a platform for large capitalists to manipulate the price of Bitcoin (BTC). Antonopoulos in his YouTube video clip series, ‘Bitcoin Q&A’, he said: “Everybody is so excited about ETFs. What we have seen in other markets is that when an ETF becomes available, the cost actually enhances significantly, as unexpectedly that commodity becomes available to a lot more capitalists and also these financiers overdo.

” Yet, the opposite side of it, is that there are constantly these claims that the commodities markets are greatly controlled and opening up these ETFs just boost the capability of institutional financiers to control the rates of assets.”

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