Bitcoin ETFs will Open Floodgates for Manipulation

Bitcoin Forums investment Community Forums Bitcoin Discussion Bitcoin ETFs will Open Floodgates for Manipulation

This topic contains 0 replies, has 1 voice, and was last updated by  Emma Lee 6 months, 4 weeks ago.

  • Author
    Posts
  • #6698

    Emma Lee
    Participant

    When Andreas speaks, people listen.
    Andreas Antonopoulos, a BTCBitcoin advocate with a large following, uploaded a video on August 14 that outlined why an ETF on the cryptocurrency creates so much hype and, more importantly, why he doesn’t like the idea. His main concerns are manipulation of price, governance, and politics of Bitcoin. A great explaination from Andreas on the implications of an ETF.

    According to Andreas,”Everybody’s so excited about ETFs because, the price really increases dramatically as suddenly that commodity becomes available to a lot more investors and these investors pile on, but there’s always these claims that the commodities markets are heavily manipulated and opening up these exchange-traded instruments only increases the ability of institutional investors to manipulate.”

You must be logged in to reply to this topic.