RATE Group | Bitcoin ETFs are a Terrible Idea: Andreas Antonopoulos
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Bitcoin ETFs are a Terrible Idea: Andreas Antonopoulos

18 Aug Bitcoin ETFs are a Terrible Idea: Andreas Antonopoulos

Posted at 23:22h in Bitcoin News by

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Bitcoin ETFs are a Terrible Idea: Andreas Antonopoulos

Finance

Announcing this week he intended to “burst” the ecosystem’s “bubble” because of “Lambos” and “to the moon, and all that,” one of the most respected thought leaders in cryptocurrency, Andreas M. Antonopoulos revealed he believes bitcoin exchange traded funds (ETFs) are “a terrible idea.” The author of The Internet of Money and the seminal Mastering Bitcoin does think bitcoin ETFs are coming, but he also suggests bitcoin ETFs mean a kind of financialization that runs directly counter to the entire point of Bitcoin specifically and cryptocurrency generally.

Also read: Bitcoin Stickers Attract Unwanted Attention from Authorities

Andreas Antonopoulos Believes Bitcoin ETFs are a Terrible Idea

“I am actually against…

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