Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Galaxy on October 13, 2021, 02:52:20 PM
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Dan Morehead fears that a Bitcoin ETF launch could have a negative impact on the price of the world’s leading cryptocurrency. Dan Morehead, the CEO of Pantera Capital, is confident that the crypto market has entered a new bull cycle. He has, however, also warned that a potential launch of a Bitcoin exchange-traded fund (ETF) could put a damper on the latest run-up.
In an October note to investors, Morehead said that “after a period of temporary insanity,” which included fears that China’s ban on Bitcoin mining would ruin the industry and heated debates on the environmental impact of Proof-of-Work cryptocurrencies, “now we’re in a new bull market.” Source
(https://decrypt.co/83149/bitcoin-etf-could-tank-crypto-prices-says-pantera-ceo)