“I’m mosting likely to rupture your bubble,” this is exactly how Andreas M. Antonopoulos, a significant Bitcoin lover, discussed Bitcoin ETF. He was of the opinion that his description would make a number of crypto lovers thinking about the Bitcoin ETF take their steps back as it is a “terrible idea”.
” I know a lot of people actually want to see an ETF take place because “to the moon and lambos!” But I assume it is a dreadful idea. I still think it is going to occur, I simply think it is a terrible idea. I’m actually versus ETFs. I believe a Bitcoin ETF is going to be damaging to the ecological community,” he stated.
Bitcoin ETF could control prices
Pertaining to Bitcoin ETF’s capacity of drawing in considerable amount of exposure, its introduction has actually given rise to assumptions. It has additionally seen a rise in prices and trading quantities once it has actually been accepted.
ETFs can open up the Bitcoin market to a team of institutional investors as well as 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 stated: “Everybody is so thrilled regarding ETFs. Just what we have seen in various other markets is that when an ETF appears, the price truly increases drastically, as unexpectedly that commodity becomes available to a great deal more capitalists and these financiers pile on.
” Yet, the opposite side of it, is that there are always these claims that the assets markets are greatly controlled and also opening these ETFs just increase the ability of institutional capitalists to control the prices of commodities.”