I don't know why Genslar is against BTC and he openly says the primary function of BTC is to be used in illicit activities, I mean really, he says investors should be careful while investing in BTC as it is used in illicit activities plus it highly volatile but at the other hand he is trying to irritate people by saying BTC has become centralized while the motive of it was to remain decentralized.
He is openly saying it like no one would notice it like maybe the users using BTC ETFs might hear this and might change their mind to directly use BTC instead of via ETFs. Why he (Genslar) is playing bold here. He also added BTC is not being used anywhere as the payment method, like no one is buying things with it on a daily basis, I mean really! haha, well, besides this if we look from another angle if it is to be used by investors then what good BTC is for investors if it is not volatile at all?