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 burst your bubble,” this is just how Andreas M. Antonopoulos, a major Bitcoin fanatic, described Bitcoin ETF. He believed that his explanation would make a number of crypto enthusiasts thinking about the Bitcoin ETF take their steps back as it is a “awful idea”.

” I recognize a lot of people actually intend to see an ETF take place due to the fact that “to the moon as well as lambos!” Yet I believe it is a dreadful suggestion. I still assume it is mosting likely to occur, I simply think it is a dreadful concept. I’m really versus ETFs. I think a Bitcoin ETF is mosting likely to be harming to the community,” he stated.

Bitcoin ETF can adjust costs
Referring To Bitcoin ETF’s capacity of drawing in significant amount of exposure, its appearance has given rise to expectations. It has actually additionally seen a surge in costs and also trading quantities once it has been authorized.

ETFs could open up the Bitcoin market to a team of institutional investors and also can also supply a platform for big capitalists to manipulate the price of Bitcoin (BTC). Antonopoulos in his YouTube video collection, ‘Bitcoin Q&A’, he stated: “Everybody is so fired up concerning ETFs. What we have actually seen in other markets is that when an ETF appears, the rate actually boosts drastically, as unexpectedly that product appears to a lot more financiers and these financiers pile on.

” But, the opposite of it, is that there are constantly these cases that the commodities markets are greatly adjusted and opening up these ETFs just boost the capability of institutional financiers to control the rates of products.”

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