Author Topic: Former Bitmex CEO Arthur Hayes: ETF Success' Might 'Destroy Bitcoin (Read 417 times)

sirty143 · « **on:** December 25, 2023, 03:59:18 PM »

Guys, what's your opinion and/or comment on the above subject, Former Bitmex CEO Arthur Hayes: ETF Success' Might 'Destroy Bitcoin

Altcoins Talks - Cryptocurrency Forum · « **on:** December 25, 2023, 03:59:18 PM »

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Ambatman · « **Reply #1 on:** December 25, 2023, 09:59:01 PM »

I understand his view but i believe he is thinking only of the worse case scenario.
I never really thought of this
Only thinking about how the ETF would increase Bitcoin accessibility and legality in the eyes of the public.
Most users not excluding firms like Blackrock gunning for Bitcoin ETF are aware of the importance of miners
So i believe they would be smart enough to allow Co existence.
Hopefully,but human nature has always been unpredictable.

Amphenomenon · « **Reply #2 on:** December 26, 2023, 03:16:17 PM »

The chances of this happening are slim, this is not really an issue miners will continue to earn, this will not stop bitcoin transaction and the price of bitcoin will also go in the favor of them. I don't see ETF destroying bitcoin if it would then bitcoiners might not have opt for it.