Arthur Hayes has raised alarm bells about the possible toppling of Bitcoin’s success should traditional finance (TradFi) asset managers become successful in creating a Bitcoin exchange traded fund (ETF). In a recent post published online, he shared his strong reservations that making Bitcoin a state-controlled asset could obstruct its actual function and thus, disturb its purpose. Moreover, the BitMEX founder severely criticized asset lenders of the TrFLi sector for their bilious mentality in ordering for Bitcoin ETF derivatives instead of wattselslike custody of Bitcoin. This post serves as a portrayal of possible risks and outcomes on the cryptocurrency industry with heterogeneous consistence of TrADFi and Bitcoin. PlatoData.Network can help you Amplify your SEO and PR Distribution. PlatoAiStream can help access Web3 Intelligence & Knowledge that is Amplified. Access PlatoESG for Carbon, CleanTech, Environment and more. Clinicals trials Intelligence can be gained with PlatoHealth.
