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 mosting likely to burst your bubble,” this is exactly how Andreas M. Antonopoulos, a significant Bitcoin fanatic, described Bitcoin ETF. He was of the opinion that his description would certainly make several crypto enthusiasts curious about the Bitcoin ETF take their go back as it is a “awful concept”.

” I recognize a great deal of individuals truly want to see an ETF take place since “to the moon as well as lambos!” Yet I assume it is a terrible idea. I still assume it is going to happen, I just believe it is an awful suggestion. I’m actually against ETFs. I believe a Bitcoin ETF is going to be damaging to the ecological community,” he said.

Bitcoin ETF can adjust ratesṆ
Referring To Bitcoin ETF’s ability of bring in considerable amount of exposure, its introduction has generated assumptions. It has additionally seen a surge in prices and also trading quantities once it has been approved.

ETFs could open up the Bitcoin market to a team of institutional capitalists and also can also give a platform for big investors to adjust the price of Bitcoin (BTC). Antonopoulos in his YouTube video clip series, ‘Bitcoin Q&A’, he claimed: “Everybody is so ecstatic about ETFs. Exactly what we have seen in other markets is that when an ETF appears, the price actually boosts significantly, as unexpectedly that commodity appears to a whole lot more financiers as well as these investors pile on.

” Yet, the opposite of it, is that there are always these cases that the assets markets are heavily adjusted and opening up these ETFs only increase the ability of institutional capitalists to manipulate the rates of assets.”

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