Re: Arthur Hayes Believes ETFs Might Cause the Demise of Bitcoin

Quote from: Thy7ace on December 25, 2023, 09:22:42 PM

Merry Xmas you all I came across a news today that pick my interest, it was about author Hayes view on Bitcoin ETFs approval which I found as a breath of fresh air of someone thinking about the negative impact ETF might have on Bitcoin. IMO I think that Can only happen in the worse case scenario.

Checkout the link: https://cointelegraph.com/news/spot-bitcoin-etf-could-completely-destroy-bitcoin-arthur-hayes

And let me hear your thoughts

Why on earth would anyone listen to someone like Arthur Hayes? He is not a voice for Bitcoin and never will be.

Arthur Hayes has been screwing investors over with his shady, Seychellen-based exchange and has even gotten in legal trouble over it. BitMEX was ordered in 2021 by federal court to pay $100 Million USD for illegally operating an exchange and for anti-money-laundering violations.

Bitcoin ETF's have the potential of ruining or improving the image of Bitcoin, but they are for all purposes nothing but "Paper-Bitcoin" with no real connection to the real Bitcoin.

source:https://www.cftc.gov/PressRoom/PressReleases/8412-21