We May Be in For Unwelcome Surprise – Max Keiser
The post We May Be in For Unwelcome Surprise – Max Keiser appeared on BitcoinEthereumNews.com.
Cover image via www.youtube.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Bitcoin evangelist Max Keiser has issued a major warning about the possible outcome Bitcoin spot ETFs may ultimately have, as he believes that these new much-anticipated products will hardly be about actual Bitcoin. Meanwhile, the American regulator the SEC is expected to approve Bitcoin spot ETFs as early as January. “Unwelcome surprise” with Bitcoin ETFs: Max Keiser Keiser tweeted that in his extensive experience in the finance sphere, he has never seen such focused and coordinated efforts of financial institutions working together with financial regulators and politicians, as he can see with the coming wave of Bitcoin spot exchange-traded funds. Keiser warned that the cryptocurrency industry may be for an “unwelcome surprise” here. He believes that “all these Bitcoin ETFs have agreed to cash-in, cash-out.” Keiser explained his negative standpoint, saying that by putting funds into Bitcoin ETFs, investors will track the Bitcoin price, but they will have no access to actual Bitcoin. The problem here is that Bitcoin ETF shares will have to be bought with cash only. Keiser believes that these tools will eventually turn out to be nothing but “a fiat money version of Bitcoin.” Per Keiser, preparation for the likely approval of Bitcoin spot ETFs is taking place (and so is a lot of hype around it); Washington is most likely looking to…
Filed under: News - @ December 22, 2023 8:22 am