header banner

The spot Bitcoin ETF, according to whistleblower Edward Snowden, is a type of subservience by TradeFi - CryptoSaurus

Table of Contents

    Famous whistleblower Edward Snowden believes the crypto community should be wary of spot-based Bitcoin (BTC) exchange-traded funds (ETFs).

    Speaking at the Bitcoin Amsterdam 2023 event last week, the former US National Security Agency (NSA) contractor and Central Intelligence Agency (CIA) employee caution About the potential dangers of letting traditional finance gain control over top crypto assets.

    “I think we need to remember, especially in these moments of volatility, that we are all part of a much bigger game, and Bitcoin is one of our strongest levers.

    The systems we are influencing, the systems we are leveraging on – payments and finance – will shape the world of the future. Now we have to overcome some hurdles to get there in a meaningful way.

    The reason everyone is excited about the price right now is because they are thinking about ETFs or something else. We really don’t want that to be the thing that drives the price up, even if the price is going up. Because it is a kind of subjugation, it is a kind of subjugation, it is a process of subjugation that we see playing out.

    US Securities and Exchange Commission (SEC) delayed decision Several spot BTC ETF applications, including BlackRock, in late September.

    The deadline for the SEC to review an application, the ARK 21 Shares Bitcoin ETF, is January 10.


    Don’t miss a beat – subscribe to receive email alerts straight to your inbox

    check price action

    What should I follow Twitter, Facebook And Wire

    Surf The Daily Hodl Mix

    Check latest news headlines


    Disclaimer: The opinions expressed in The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be aware that your transfers and trades are at your own risk, and any losses you incur are your responsibility. Daily Hodl does not recommend buying or selling any cryptocurrency or digital asset, nor is Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

    Generated Image: mid-trip

    source: dailyhodl.com


    Article information

    Author: Bethany Horn

    Last Updated: 1698060962

    Views: 1191

    Rating: 4.8 / 5 (54 voted)

    Reviews: 91% of readers found this page helpful

    Author information

    Name: Bethany Horn

    Birthday: 1978-03-06

    Address: 2193 May Courts, North Sarah, GA 62751

    Phone: +3986816781051581

    Job: IT Support Specialist

    Hobby: Robotics, Chess, Bowling, Coin Collecting, Graphic Design, Telescope Building, Photography

    Introduction: My name is Bethany Horn, I am a unswerving, striking, irreplaceable, ingenious, esteemed, bold, treasured person who loves writing and wants to share my knowledge and understanding with you.