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 how Andreas M. Antonopoulos, a major Bitcoin fanatic, discussed Bitcoin ETF. He felt that his description would make numerous crypto lovers interested in the Bitcoin ETF take their steps back as it is a “awful suggestion”.

” I know 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 a dreadful concept. I still assume it is mosting likely to occur, I simply assume it is an awful idea. I’m actually against ETFs. I believe a Bitcoin ETF is going to be damaging to the ecological community,” he claimed.

Bitcoin ETF could adjust prices
Pertaining to Bitcoin ETF’s capacity of drawing in considerable quantity of direct exposure, its appearance has triggered expectations. It has also seen a surge in costs and also trading quantities once it has actually been accepted.

ETFs could open the Bitcoin market to a team of institutional investors as well as can also supply a platform for huge investors to adjust the price of Bitcoin (BTC). Antonopoulos in his YouTube video collection, ‘Bitcoin Q&A’, he stated: “Everyone is so ecstatic about ETFs. Just what we have actually seen in various other markets is that when an ETF becomes available, the price actually enhances considerably, as unexpectedly that product appears to a great deal much more investors and these financiers overdo.

” However, the opposite of it, is that there are always these insurance claims that the products markets are heavily controlled as well as opening up these ETFs only raise the ability of institutional capitalists to adjust the rates of assets.”

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