IMPORTANT POINTS:
- Edward Snowden warns about the risks of Bitcoin ETF.
- Bitcoin is seen as a leading tool in global financial evolution.
- The SEC has postponed decisions on several Bitcoin ETFs, with an important review on January 10.
Edward Snowden, the famous whistleblower, raised the alarm about the risks associated with the creation of an exchange-traded fund (ETF) based on Bitcoin (BTC). During his recent speech at the Bitcoin Amsterdam 2023 event, this former collaborator of the US National Security Agency (NSA) and former employee of the Central Intelligence Agency (CIA), pointed out the possible consequences of the traditional financial system to control the main cryptocurrency.
The Transformative Power of Bitcoin
Snowden highlighted Bitcoin’s position as an influential tool on the global financial stage. State: “We must know, in these moments of volatility, that we are immersed in a much wider game and that Bitcoin is one of our main instruments in this game. The structures we affect, such as payment and financial systems, will shape the future of the world. “Challenges still await us to achieve real impact.”
Price Changes and the Influence of ETFs
Reflecting on the growing interest in the price of Bitcoin due to the anticipation of ETFs, Snowden warned of its possible impact. He clarified: “The current excitement around value is centered on the expectation of ETFs. However, we should not expect this to be the only reason for price fluctuations. This can be interpreted as a form of submission and a attempt to tame the true spirit of cryptocurrencies.
SEC Decisions on the Horizon
It is important to mention that the United States Securities and Exchange Commission (SEC) has recently postponed decisions on several Bitcoin ETFs, including the one proposed by BlackRock. However, the final review for one application in particular, the ARK 21 Shares Bitcoin ETF, is scheduled for January 10.
Nation World News Deskhttps://nationworldnews.com/
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Author: Jennifer Mills
Last Updated: 1698061082
Views: 1375
Rating: 3.9 / 5 (89 voted)
Reviews: 95% of readers found this page helpful
Name: Jennifer Mills
Birthday: 2015-01-28
Address: 35149 Mathews Mountain, Jasmineberg, MO 02109
Phone: +4734386753197368
Job: Speech Therapist
Hobby: Reading, Stargazing, Wine Tasting, Calligraphy, Board Games, Photography, Snowboarding
Introduction: My name is Jennifer Mills, I am a variegated, exquisite, resolved, Colorful, brilliant, enterprising, frank person who loves writing and wants to share my knowledge and understanding with you.