Quote from: Blackforce on August 16, 2018, 06:48:04 PM

When Andreas speaks, people listen.
Andreas Antonopoulos, a BTCBitcoin advocate with a large following, uploaded a video on August 14 that outlined why an ETF on the cryptocurrency creates so much hype and, more importantly, why he doesn't like the idea. His main concerns are manipulation of price, governance, and politics of Bitcoin. A great explaination from Andreas on the implications of an ETF.

According to Andreas,"Everybody's so excited about ETFs because, the price really increases dramatically as suddenly that commodity becomes available to a lot more investors and these investors pile on, but there's always these claims that the commodities markets are heavily manipulated and opening up these exchange-traded instruments only increases the ability of institutional investors to manipulate."

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Andreas has got a valid point here, and he's experienced in the crypto world hence when he gives out such a statement one needs to really think deeply about it. There's doubt that an ETF will indeed restrict the volatility we normally see in bitcoins, but the worrying question is how much will it be able to restrict. On other hands the increase volumes could even increase the prices.

We normally see the Pump and Dump game in bitcoins, it'll be interesting if the ETF can bring an end to this, but then again it's pertinent to remember this all was said when futures were coming, but it proved false bitcoins prices rose, pump and dump continued. In my views it's to early to call the ETF a bad idea, I would like to give it some time, before an opinion can be formed.