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ZEC $501.56 -2.18%
BTC $64,215.51 +0.92%
ETH $1,896.09 -0.20%
BNB $600.35 -0.74%
XRP $0.9965 -0.28%
SOL $76.13 +0.67%
TRX $0.3320 +0.13%
DOGE $0.0697 -0.59%
ADA $0.1738 -0.01%
BCH $203.18 -0.34%
LINK $9.41 -0.77%
HYPE $59.08 -0.10%
AAVE $89.17 +2.77%
SUI $0.6509 -3.65%
XLM $0.1534 -2.58%
ZEC $501.56 -2.18%

Peter Schiff: ETFs go against the original intention of Bitcoin's decentralization

2024-08-06 23:05:43

ChainCatcher message, economist Peter Schiff posted on social media that ETFs go against the original intention of Bitcoin; it is no longer decentralized, not peer-to-peer, easily confiscated, cannot be used as a payment currency, and cannot be transferred across borders. Users no longer hold private keys, so it is no longer their coin.

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