“I’m going to break your bubble,” this is just how Andreas M. Antonopoulos, a major Bitcoin lover, discussed Bitcoin ETF. He believed that his explanation would certainly make a number of crypto fanatics thinking about the Bitcoin ETF take their steps back as it is a “horrible suggestion”.
” I know a lot of people really wish to see an ETF happen due to the fact that “to the moon and also lambos!” But I assume it is a dreadful concept. I still assume it is going to take place, I just believe it is a horrible idea. I’m in fact against ETFs. I believe a Bitcoin ETF is going to be damaging to the community,” he claimed.
Bitcoin ETF can adjust prices
Concerning Bitcoin ETF’s capacity of drawing in substantial quantity of exposure, its development has given rise to expectations. It has also seen a surge in costs and also trading volumes once it has been authorized.
ETFs could open up the Bitcoin market to a team of institutional investors and can likewise offer a system for big investors to control the rate of Bitcoin (BTC). Antonopoulos in his YouTube video series, ‘Bitcoin Q&A’, he said: “Everybody is so excited regarding ETFs. Exactly what we have seen in various other markets is that when an ETF appears, the price really boosts substantially, as suddenly that asset becomes available to a great deal much more investors and these capitalists pile on.
” But, the other side of it, is that there are constantly these cases that the assets markets are greatly controlled as well as opening up these ETFs just boost the ability of institutional investors to manipulate the rates of commodities.”