Former Bitmex CEO Arthur Hayes: ETF Success' Might 'Destroy Bitcoin'

[sirty143]

Former Bitmex CEO Arthur Hayes: ETF Success' Might 'Destroy Bitcoin'

Arthur Hayes, former CEO of Bitmex and cryptocurrency market analyst, pondered about the success of an upcoming spot bitcoin ETF and its effect on the future of bitcoin. Hayes states that the popularity of these ETF derivatives might concentrate... See more for yourself here.

Your opinion is greatly appreciated.

[Tribalchief]

I haven't really thought of this, but I think Arthur Hayes might be right. The Do not sell your Bitcoin movement should be strongly encouraged, because the very moment a certain organization becomes the major holder of all Bitcoin asset, then we are trouble.
Michael saylor is gradually acquiring good amount of Bitcoin through Microstrategy, but let's not also forget that Blackrock has some shares in Microstrategy.

Let's not be deceive

[Amphenomenon]

With your Rank here, I'm really curious to know why you created this topic twice :
https://www.altcoinstalks.com/index.php?topic=314325.msg1459091#msg1459091

[Fivestar4everMVP]

Acknowledging that you posted this one topic twice, which have cost you 20 karma which was deducted by the admin.

I did like to comment on the article, first I think former bitmex ceo is right in his assumption, not very many of us thought this could happen simply because, I think we are all carried away by the excitement of what the spot ETF approval will bring to the table for bitcoin and cryptocurrencies at large, I personally do not understand why he is letting this out right now, what exactly is he expecting the bitcoin community to do? Stop the ETF from approved? I think its too late already.

All we have to hope for right now is that everything continues to be fine wit bitcoin even after the ETF have been approved, for bitcoin dying could be detrimental to the entire cryptocurrency market, let's hope for the best after the ETF has been approved.