“I’m mosting likely to rupture your bubble,” this is how Andreas M. Antonopoulos, a major Bitcoin lover, explained Bitcoin ETF. He was of the opinion that his description would make numerous crypto enthusiasts curious about the Bitcoin ETF take their go back as it is a “horrible suggestion”.
” I understand a great deal of individuals truly wish to see an ETF occur due to the fact that “to the moon as well as lambos!” Yet I assume it is an awful idea. I still think it is going to take place, I just think it is a horrible concept. I’m really against ETFs. I believe a Bitcoin ETF is mosting likely to be harming to the environment,” he stated.
Bitcoin ETF can control prices
Concerning Bitcoin ETF’s ability of bring in considerable amount of exposure, its emergence has generated assumptions. It has likewise seen a rise in prices and also trading volumes once it has been approved.
ETFs can open up the Bitcoin market to a team of institutional capitalists and can likewise give a system for huge investors to control the price of Bitcoin (BTC). Antonopoulos in his YouTube video clip collection, ‘Bitcoin Q&A’, he claimed: “Everyone is so excited concerning ETFs. Exactly what we have seen in various other markets is that when an ETF becomes available, the rate really increases dramatically, as suddenly that product becomes available to a lot extra investors and these capitalists pile on.
” However, the opposite of it, is that there are always these claims that the products markets are heavily adjusted as well as opening up these ETFs just increase the capacity of institutional capitalists to manipulate the prices of commodities.”