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

” I understand a great deal of people truly want to see an ETF occur since “to the moon and lambos!” But I assume it is a terrible suggestion. I still assume it is going to occur, I simply think it is a terrible suggestion. I’m actually versus ETFs. I believe a Bitcoin ETF is mosting likely to be damaging to the environment,” he said.

Bitcoin ETF can control rates
Referring To Bitcoin ETF’s capability of attracting considerable quantity of direct exposure, its introduction has given rise to assumptions. It has also seen a rise in prices and also trading volumes once it has been accepted.

ETFs can open up the Bitcoin market to a team of institutional financiers as well as can also provide a system for large investors to control the rate of Bitcoin (BTC). Antonopoulos in his YouTube video clip collection, ‘Bitcoin Q&A’, he said: “Everybody is so thrilled concerning ETFs. Just what we have actually seen in other markets is that when an ETF becomes available, the rate really increases substantially, as instantly that commodity becomes available to a great deal a lot more capitalists and these investors overdo.

” However, the other side of it, is that there are constantly these insurance claims that the commodities markets are greatly adjusted and opening these ETFs just increase the capacity of institutional investors to adjust the costs of assets.”

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