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.
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Dan Burgin
Vladislav Sopov