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 rupture your bubble,” this is just how Andreas M. Antonopoulos, a significant Bitcoin fanatic, discussed Bitcoin ETF. He was of the opinion that his explanation would make a number of crypto fanatics interested in the Bitcoin ETF take their go back as it is a “horrible idea”.

” I know a lot of individuals really want to see an ETF occur because “to the moon and also lambos!” But I assume it is a terrible concept. I still think it is going to happen, I simply believe it is an awful concept. I’m actually against ETFs. I assume a Bitcoin ETF is going to be harming to the ecosystem,” he claimed.

Bitcoin ETF could control costs
Relating To Bitcoin ETF’s capacity of bring in considerable amount of direct exposure, its introduction has actually generated assumptions. It has actually additionally seen a rise in costs and also trading quantities once it has actually been authorized.

ETFs could open the Bitcoin market to a group of institutional capitalists as well as could also offer a platform for huge investors to control the cost of Bitcoin (BTC). Antonopoulos in his YouTube video series, ‘Bitcoin Q&A’, he stated: “Everyone is so ecstatic about ETFs. Exactly what we have actually seen in other markets is that when an ETF becomes available, the cost actually boosts dramatically, as instantly that product appears to a great deal more capitalists as well as these capitalists pile on.

” However, the opposite side of it, is that there are constantly these insurance claims that the assets markets are greatly manipulated as well as opening up these ETFs only raise the capacity of institutional investors to adjust the costs of assets.”

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