Forget About Lambos: Andreas Antonopoulos Opposes Overhyped Bitcoin ETFs

After the SEC rejection triggered a long-lasting bearish trend, a widely famous Bitcoin evangelist Andreas Antonopoulos takes a stand against crypto ETFs

Thu, 16/08/2018 - 16:59

Forget About Lambos: Andreas Antonopoulos Opposes Overhyped Bitcoin ETFs

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After the SEC rejection triggered a long-lasting bearish trend, a famed Bitcoin evangelist Andreas Antonopoulos takes a stand against crypto ETFs. According to him, they will prepare the ground for large-scale market manipulations.

While Antonopoulos does acknowledge the fact that a potential ETF listing would open investment floodgates and make Bitcoin price skyrocket, the crypto advocate is certain that it will negatively affect the industry. He further explains that exchange-traded funds could also threaten Bitcoin privacy, since governments would not resist a temptation to seize control of this asset.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.