Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
TechFlow reports, BitMEX co-founder warns that spot Bitcoin (BTC) exchange-traded funds (ETFs) could "completely destroy" Bitcoin if they become too successful. Wall Street giants would simply "clean up" Bitcoin and store it in a "metaphorical vault," causing Bitcoin trading volumes to dry up if ETFs become overly successful.
BitMEX co-founder warns that a spot Bitcoin (BTC) exchange-traded fund (ETF) could "completely destroy" Bitcoin if it becomes too successful. Wall Street giants would simply "clean up" Bitcoin and store it in a "metaphorical vault," depleting the number of Bitcoin available for trading if it becomes too successful.
Navigating Web3 tides with focused insights
