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 break your bubble,” this is how Andreas M. Antonopoulos, a major Bitcoin fanatic, described Bitcoin ETF. He believed that his description would certainly make a number of crypto lovers curious about the Bitcoin ETF take their go back as it is a “awful suggestion”.

” I recognize a lot of individuals actually want to see an ETF occur since “to the moon and also lambos!” Yet I believe it is a terrible suggestion. I still assume it is going to happen, I simply think it is a dreadful suggestion. I’m really versus ETFs. I think a Bitcoin ETF is going to be damaging to the ecological community,” he stated.

Bitcoin ETF could adjust prices
Pertaining to Bitcoin ETF’s ability of bring in considerable amount of direct exposure, its introduction has actually given rise to assumptions. It has additionally seen a rise in costs and also trading quantities once it has been authorized.

ETFs could open the Bitcoin market to a group of institutional investors and also could also offer a platform for huge investors to manipulate the rate of Bitcoin (BTC). Antonopoulos in his YouTube video collection, ‘Bitcoin Q&A’, he stated: “Everyone is so excited about ETFs. Exactly what we have actually seen in other markets is that when an ETF appears, the price really boosts considerably, as instantly that product becomes available to a lot much more investors as well as these capitalists pile on.

” Yet, the other side of it, is that there are constantly these insurance claims that the assets markets are greatly controlled as well as opening up these ETFs only raise the ability of institutional investors to manipulate the costs of commodities.”

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