📢If spot BTC-ETFs are too successful, they will completely wipe out BTC...
👉🏻BTC becomes just another financial asset controlled by the state, it will die because few people will really use it. People will just buy ETFs on BTC and not the BTC itself, warns Arthur Hayes.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
📢If spot BTC-ETFs are too successful, they will completely wipe out BTC...
👉🏻BTC becomes just another financial asset controlled by the state, it will die because few people will really use it.
People will just buy ETFs on BTC and not the BTC itself, warns Arthur Hayes.