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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 enthusiast, explained Bitcoin ETF. He was of the opinion that his explanation would make several crypto enthusiasts interested in the Bitcoin ETF take their steps back as it is a “terrible idea”. “I know a lot of people really want to see an ETF happen because “to the moon and lambos!” But I think it is a terrible idea. I still think it is going to happen, I just think it is a terrible idea. I’m actually against ETFs. I think a Bitcoin ETF is going to be damaging to the ecosystem,” he said. SEE ALSO: U.S. Congressman invites exchanges, crypto firms to discuss ICO regulation: report

Bitcoin ETF can manipulate prices

Pertaining to Bitcoin ETF’s capability of attracting substantial amount of exposure, its emergence has given rise to expectations. It has also seen a surge in prices and trading volumes once it has been approved. ETFs can open the Bitcoin market to a group of institutional investors and can also provide a platform for large investors to manipulate the price of Bitcoin (BTC). Antonopoulos in his YouTube video series, ‘Bitcoin Q&A’, he said: “Everybody is so excited about ETFs. What we have seen in other markets is that when an ETF becomes available, the price really increases dramatically, as suddenly that commodity becomes available to a lot more investors and these investors pile on. SEE ALSO: EOS, Ethereum and Komodo are the top 3 coins according to the Chinese Government “But, the other side of it, is that there are always these claims that the commodities markets are heavily manipulated and opening up these ETFs only increase the ability of institutional investors to manipulate the prices of commodities.”   Image via Shutterstock Join our Telegram group

bcfocus.com
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2 sec
Introducing Top eToro Popular Investor Jay Smith

Jay Smith is one of eToro’s most recognisable traders, and he wants everyone to achieve success on the leading global investment and trading platform. Here, in his typically generous and helpful way, Basingstoke-based Smith – a.k.a. jaynemesis on eToro– who describes his trading style as “fundamentals, future and HODLing” [sic], reveals the six rules he …

7 sec
What are the Short and Long Term Predictions for the Price of Ripple XRP?

Stellar Lumens, the concept of Ripple’s co-founder, Jed McCaleb has been experiencing solid gains in recent weeks, particularly against Ripple XRP. However, in recent days, the price of Stellar Lumens XLM has remained somewhat flat, while XRP experienced double-digit growth overnight. Ripple XRP and Stellar XLM are continuing to lock horns, with their rivalry starting …

1 min
TokenSoft Platform Unveils Support for R3 Corda Projects

TokenSoft has announced that its token issuance and compliance platform now supports projects on R3’s Corda.

1 min
BNB
Binance CEO Zhao Changpeng Opens Up His Ambitious Plans for Future Expansion

The cryptocurrency exchange plans to open at least two fiat-to-crypto trading platforms in each continent in next one year slowly shifting towards having a completely decentralized exchange.

1 min
BTC
Licensed Crypto Exchange Zaif Plans Compensation after 6,000 Bitcoins, $60 Million Crypto Theft

In the second major hack of a Japanese cryptocurrency exchange this year, some 6.7 billion yen ($60 million) in cryptocurrencies were stolen from the wallets of Zaif of which 4.5 billion yen ($40 million) belonged to customers.

ccn.com
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3 min
ツイッチの元幹部が仮想通貨スタートアップのKinに参加、マーケティング責任者に就任

ツイッチの元幹部が仮想通貨スタートアップのKinに最高マーケティング責任者(CMO)に就任した。

9 min
ETH
Ethereum (ETH) Price Analysis – September 20

ETH is ranging in its short-term outlook. The strong bullish pressure weakened when ETH was up at $215.83 in the supply area with the bears making a return with the formation of spinning top at $209.83

9 min
BTC
DigiCash Creator David Chaum Emerges With New Elixxir Platform

David Chaum, who gained fame for constructing a digital currency long before Bitcoin, has emerged to introduce a new platform, Elixxir, at Consensus Singapore. He claims Elixxir will be able to process thousands of transactions per second.

18 min
BTC
Stripe Co-Founder Sees Potential in Cryptocurrencies Despite Dropping Bitcoin

Stripe, the San Francisco based company that became the first major online payments platform to accept Bitcoin has ditched the token due to its high volatility. However, its co-founder John Collison still sees future for cryptocurrencies, Recode reported on September 17. Giving up on Bitcoin For years, Stripe has been…

18 min
Governing Decentralization: How On-Chain Voting Protocols Operate and Vary

An introduction to on-chain governance through compiled interviews.

25 min
Coinbase Denies Claims by NY Attorney General of Proprietary Trading

The largest cryptocurrency exchange in the U.S., Coinbase, denies claims that it has been trading cryptocurrencies for its own benefit.

26 min
Cryptocurrency Prices for the 20th of September: Bitcoin And Ethereum Is Relatively Stable

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices today According to the online platform

31 min
3 Blockchain Platforms for Freelancers

ShareTweetRedditBlockchain technology has many appliances in numerous fields, and it seems that the freelance market has also started taking notice of its uses. By cutting out the middleman, this will… Continue reading “3 Blockchain Platforms for Freelancers”

46 min
LTC
Charlie Lee Set To Clear Up Litecoin (LTC) FUDs

The FUDs (Fear, Uncertainty, and Doubt) spread against Litecoin (LTC) is increasing day by day, especially after a distorted information was

Coins

#
FAV
NAME
PRICE
Portfolio
1H
24H
7D
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Advertise here
1
Bitcoin
BTC
$ 6 404.82
$ - - - - -
( - - - - - )
Set your amount
OK
-0.03%
+0.91%
-0.78%
2
Ethereum
ETH
$ 209.09
$ - - - - -
( - - - - - )
Set your amount
OK
+0.24%
-0.05%
+7.62%
3
XRP
XRP
$ 0.326264
$ - - - - -
( - - - - - )
Set your amount
OK
+0.18%
+0.90%
+19.14%
4
Bitcoin Cash
BCH
$ 425.47
$ - - - - -
( - - - - - )
Set your amount
OK
+0.04%
-1.15%
-3.96%
5
EOS
EOS
$ 5.23
$ - - - - -
( - - - - - )
Set your amount
OK
+0.20%
+3.21%
+2.98%
6
Stellar
XLM
$ 0.206020
$ - - - - -
( - - - - - )
Set your amount
OK
-0.03%
-0.61%
+0.28%
7
Litecoin
LTC
$ 54
$ - - - - -
( - - - - - )
Set your amount
OK
-0.05%
+1.07%
+1.19%
8
Tether
USDT
$ 1
$ - - - - -
( - - - - - )
Set your amount
OK
-0.11%
-0.21%
+0.03%
9
Cardano
ADA
$ 0.071795
$ - - - - -
( - - - - - )
Set your amount
OK
+0.03%
-0.31%
+6.15%
10
Monero
XMR
$ 111.21
$ - - - - -
( - - - - - )
Set your amount
OK
-0.15%
+1.83%
+0.76%
11
Dash
DASH
$ 189.30
$ - - - - -
( - - - - - )
Set your amount
OK
-1.06%
-0.42%
-0.29%
12
IOTA
MIOTA
$ 0.528422
$ - - - - -
( - - - - - )
Set your amount
OK
-0.30%
-0.70%
-6.93%
13
TRON
TRX
$ 0.020005
$ - - - - -
( - - - - - )
Set your amount
OK
-0.10%
+1.40%
+3.42%
14
Ethereum Classic
ETC
$ 10.67
$ - - - - -
( - - - - - )
Set your amount
OK
-0.04%
+1.59%
-2.47%
15
NEO
NEO
$ 17.18
$ - - - - -
( - - - - - )
Set your amount
OK
+0.20%
+0.18%
-5.71%
16
Binance Coin
BNB
$ 9.64
$ - - - - -
( - - - - - )
Set your amount
OK
+0.01%
+0.63%
+1.33%
17
Tezos
XTZ
$ 1.51
$ - - - - -
( - - - - - )
Set your amount
OK
+0.01%
-0.07%
+17.22%
18
NEM
XEM
$ 0.085684
$ - - - - -
( - - - - - )
Set your amount
OK
+0.13%
-3.13%
-4.41%
19
VeChain
VET
$ 0.013171
$ - - - - -
( - - - - - )
Set your amount
OK
+0.02%
+0.88%
-5.25%
20
Dogecoin
DOGE
$ 0.005669
$ - - - - -
( - - - - - )
Set your amount
OK
-0.27%
-1.91%
-13.19%
21
Zcash
ZEC
$ 112.10
$ - - - - -
( - - - - - )
Set your amount
OK
-1.77%
-0.68%
-1.88%
#}