Forget About Lambos: Andreas Antonopoulos Opposes Overhyped Bitcoin ETFs

  • Alex Dovbnya
    📰 News

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


Forget About Lambos: Andreas Antonopoulos Opposes Overhyped Bitcoin ETFs

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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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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