Exchanges get hacked. Bitcoin doesn’t. Bloomberg's Eric Balchunas says the problem is the intermediaries providing Bitcoin exposure, and ETFs help solve it "I've always thought…
Original source excerpt
Exchanges get hacked. Bitcoin doesn’t. Bloomberg's Eric Balchunas says the problem is the intermediaries providing Bitcoin exposure, and ETFs help solve it "I've always thought that one of the premi…
Exchanges get hacked. Bitcoin doesn’t. Bloomberg's Eric Balchunas says the problem is the intermediaries providing Bitcoin exposure, and ETFs help solve it "I've always thought that one of the premises of the book is that the ETF helped solve the intermediary issues that have nagged Bitcoin and crypto. Because when I go around, you would be surprised how many people think that Bitcoin got hacked." "They don't understand that Bitcoin never got hacked. It's a tank. You cannot penetrate it. It's the intermediaries providing exposure to said tank. That's the problem." "Binance isn't Bitcoin. Neither are ETFs. They're just intermediaries. And that is a big misnomer out there."
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