“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
SWIFT gab bekannt, dass das Unternehmen grenzüberschreitende Überweisungen in Asien erfolgreich getestet habe.
Don’t underestimate the banks’ interest in crypto; that’s the message from sources at Morgan Stanley, one of the richest institutions in the world. It’s almost difficult to believe after last year, when Bloomberg revealed four major banks had “quietly shelved” their bitcoin dreams. The banks planned to offer their giant clients a taste of crypto-derivatives …
Cryptocurrency retailer QuickBit has inadvertently revealed hundreds of thousands of records, Comparitech reports. The company’s database was open to everyone to view, including users’ personal and financial information. According to Comparitech, records might have contained information about transactions. MongoDB database, containing such information, was made available to everyone with no authentication necessary. The information included …
Damian Collins, ein hochrangiger Beamter des britischen Parlaments und bekannter Facebook-Kritiker, sagte, dass Libra massiven Betrug ermöglichen würde.
Joe McCann is the Founder and Chairman of the Board of NodeSource and former quant trader for Passport Capital. This piece is purely for informational purposes; nothing in this post should be construed as investment advice. With so much in the news this past week surrounding bitcoin, for traders, the biggest story of was bitcoin’s market …
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