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BitMEX Lianchuang: Spot Bitcoin ETF could “totally destroy” Bitcoin

BitMEX Lianchuang: Spot Bitcoin ETF could “totally destroy” Bitcoin

Cointime2023/12/25 02:27

By: Cointime

The former CEO of BitMEX stated in a blog post that if the spot BTC exchange-traded fund (ETF) is too successful, it could "completely destroy" Bitcoin. Wall Street giants will only "clean up" Bitcoin and store it in a "metaphorical vault" if it becomes too successful, and the number of Bitcoin trades will dry up.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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