{"id":38775,"date":"2024-02-20T03:49:55","date_gmt":"2024-02-20T03:49:55","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2024\/02\/20\/bitcoin-maxi-max-keiser-says-bitcoin-etfs-have-zero-impact-heres-why\/"},"modified":"2024-02-20T03:49:55","modified_gmt":"2024-02-20T03:49:55","slug":"bitcoin-maxi-max-keiser-says-bitcoin-etfs-have-zero-impact-heres-why","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2024\/02\/20\/bitcoin-maxi-max-keiser-says-bitcoin-etfs-have-zero-impact-heres-why\/","title":{"rendered":"Bitcoin Maxi Max Keiser Says Bitcoin ETFs Have Zero Impact, Here’s Why"},"content":{"rendered":"

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Since their launch final month, spot Bitcoin ETFs have garnered vital consideration, with substantial inflows being noticed. Nevertheless, throughout a podcast with Natalie Brunell on Sunday, February 18, market skilled Jim Bianco dubbed Bitcoin ETFs as a \u201cgiant mistake<\/a>.\u201d<\/p>\n

Bitcoin (BTC) Not Going to $1 Million<\/h3>\n

Bianco on the podcast said that the one factor that Bitcoin ETFs have performed is sucking Bitcoin into the present monetary system. He added that spot Bitcoin ETFs take away the \u201cDecentralized\u201d nature from the asset class. In his message on X, on Sunday, Bianco noted<\/a>:<\/p>\n

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\u201cI love the idea of an alternative financial system, a way to store value, and a medium of exchange. But this alternative system has to be DECENTRALIZED! So, what am I? I\u2019m a decentralization Maxi. A spot ETF is NOT, repeat not, decentralized! I\u2019m a huge fan of BTC, ETF, and other DECENTRALIZED alternatives\u201d.<\/p>\n<\/blockquote>\n

\u201cI\u2019ve been a BTC Hodler for over seven years. I even held up my ledger to show how I own it and noted I\u2019m not interested in buying a BTC ETF. It will be on my ledger if I add it to my position,\u201d he added.<\/p>\n

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He additionally added that the BTC worth gained\u2019t be going to $1 million, as popularly recommended by PlanB and different analysts previously.<\/p>\n

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Max Keiser Says BTC ETFs Have Zero Impact<\/h3>\n

Max Keiser criticizes Jim\u2019s slim perspective on Bitcoin ETFs, suggesting they don\u2019t alter BTC\u2019s trajectory. He dismisses Jim\u2019s views as reflective of a standard monetary mindset, adorned with superficial BTC references, emphasizing the deeper implications at play.<\/p>\n

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Jim\u2019s short-sighted along with his BTC ETF views: <\/p>\n

The ETF\u2019s don\u2019t change the course BTC is on. It\u2019s all good, Jimbo. <\/p>\n

He\u2019s pondering and speaking completely in a financial-legacy-mindset, with a couple of Bitcoin buzzwords thrown in. <\/p>\n

The \ud83d\udc07 \ud83d\udd73\ufe0f goes deeper. <\/p>\n

Much deeper. https:\/\/t.co\/cngEgjBsPx<\/a><\/p>\n

\u2014 Max Keiser (@maxkeiser) February 18, 2024<\/a><\/p>\n<\/blockquote>\n

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Keiser asserts that BTC basically transforms people moderately than being topic to exterior affect. He additionally contends that Jim overestimates the importance of his opinion, asserting that Bitcoin\u2019s trajectory stays unstoppable, because it disrupts the normal relationship between cash and the state. In Keiser\u2019s view, Bitcoin ETFs have zero influence over this transformative course of.<\/p>\n

Last week, the Bitcoin worth surged previous $52,000 and has been flirting round these ranges with some volatility over the previous weekend. At press time, BTC is buying and selling 1.01% up at a worth of $52,122 with a market cap of $1.023 trillion.<\/p>\n

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Bhushan is a FinTech fanatic and holds a superb aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in direction of the brand new rising Blockchain Technology and Cryptocurrency markets. He is constantly in a studying course of and retains himself motivated by sharing his acquired information. In free time he reads thriller fictions novels and generally discover his culinary expertise. <\/p>\n<\/p><\/div>\n

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