Arthur Hayes Says TradFi Could ‘Completely Destroy’ Bitcoin With Spot ETF – Here’s Why
BitMEX founder Arthur Hayes says the traditional finance (TradFi) world could gain dangerous levels of power over Bitcoin (BTC) if they manage to control spot BTC exchange-traded funds (ETFs). In a new essay, the crypto veteran says that if ETFs managed by TradFi asset managers are too successful, “they will completely destroy Bitcoin.” Hayes says...