Topic: Are Bitcoin ETFs taming Bitcoin? - page 2. (Read 213 times)
I don't think that Bitcoin ETFs will tame Bitcoin because so far more people are more interested in "real Bitcoin" than Bitcoin ETFs. However, it should be noted that the increasing influence of centralized platforms on bitcoin investments makes them more capable of increasing prices and manipulating the market to their needs. And with this, the potential for people to become familiar with Bitcoin ETFs increases and perhaps the potential for Bitcoin ETFs to tame Bitcoin may exist. Therefore, before this happens, we as Bitcoin-enthusiast must better educate people that only invest in Bitcoin, not Bitcoin ETFs, because that is the only genuine investment in Bitcoin.
I share some of his position on this issue. Bitcoin ETFs will increase the price but it will attract more people to centralised platforms. People might not be exposed to the true nature of bitcoin because they will assume that third parties are indispensable. It is great to see many financial institutions having an interest to put in more money into the bitcoinspace but it will also give them some level of influence to manipulate the market. As we celebrate the profit that these centralised platforms might trigger due to their investment, we should also be prepared to shield ourselves from their excesses.
No doubt about this because if such power gets into the hand of this few, they will abuse it and then turn it into a capitalist market which is not how Satoshi planned it. Could this be the reason Gary Gensler is stalling to approve them though?
Well, this was a line provided by Edward Snowden. Yeah, the famous whistle blower Edward. He believes that the more applications are being filed, there are risks involved. Although the money being poured into the asset will help it's price to go higher, but these institutions could get more power and influence over the regular person when it comes to decisions and actions taken as regards Bitcoin.
Edward also noted that as ETF applications are getting popular especially as big firms are the ones lobbying for a spot, there's the tendency of it "taming Bitcoin".
Is this true or he's just talking out of a hunch?
https://cryptopotato.com/edward-snowden-believes-bitcoin-etfs-are-taming-btc-bitcoin-amsterdam-live/
I share some of his position on this issue. Bitcoin ETFs will increase the price but it will attract more people to centralised platforms. People might not be exposed to the true nature of bitcoin because they will assume that third parties are indispensable. It is great to see many financial institutions having an interest to put in more money into the bitcoinspace but it will also give them some level of influence to manipulate the market. As we celebrate the profit that these centralised platforms might trigger due to their investment, we should also be prepared to shield ourselves from their excesses. Edward also noted that as ETF applications are getting popular especially as big firms are the ones lobbying for a spot, there's the tendency of it "taming Bitcoin".
Is this true or he's just talking out of a hunch?
https://cryptopotato.com/edward-snowden-believes-bitcoin-etfs-are-taming-btc-bitcoin-amsterdam-live/
But I don't think Bitcoin ETFs is taming bitcoin because they are not changing the coin but the process of investing in it. Within a few years, the imperfections of these services will be exposed and investors will gradually learn and switch to decentralized platforms.
He also spoke about the pseudonymity of bitcoin and the need to improve privacy which points to the fact that mixers and tumblers services are important. For the few years that I have been following the Bitcoin conference, the current one has some speakers I respect.
Well, this was a line provided by Edward Snowden. Yeah, the famous whistle blower Edward. He believes that the more applications are being filed, there are risks involved. Although the money being poured into the asset will help it's price to go higher, but these institutions could get more power and influence over the regular person when it comes to decisions and actions taken as regards Bitcoin.
Edward also noted that as ETF applications are getting popular especially as big firms are the ones lobbying for a spot, there's the tendency of it "taming Bitcoin".
Is this true or he's just talking out of a hunch?
https://cryptopotato.com/edward-snowden-believes-bitcoin-etfs-are-taming-btc-bitcoin-amsterdam-live/
Edward also noted that as ETF applications are getting popular especially as big firms are the ones lobbying for a spot, there's the tendency of it "taming Bitcoin".
Is this true or he's just talking out of a hunch?
https://cryptopotato.com/edward-snowden-believes-bitcoin-etfs-are-taming-btc-bitcoin-amsterdam-live/
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