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BTC $64,176.50 +1.09%
ETH $1,898.26 +0.09%
BNB $600.72 -0.47%
XRP $0.9972 +0.01%
SOL $76.29 +1.24%
TRX $0.3323 +0.27%
DOGE $0.0698 -0.29%
ADA $0.1737 +0.21%
BCH $203.26 -0.01%
LINK $9.43 -1.16%
HYPE $59.35 +0.32%
AAVE $89.36 +3.21%
SUI $0.6526 -3.25%
XLM $0.1524 -3.12%
ZEC $504.49 -1.16%

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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