A recent opinion piece coming from the publication the Hill has exclaimed that if the U.S. Securities and Exchange Commission (SEC) approves a bitcoin exchange-traded fund (ETF), it will lead mainstream investors to “slaughter.”
A contributing columnist for the Hill, Jim Angel thinks a bitcoin ETF is a bad idea and not in the public’s best interest. Essentially, the author does believe in ‘blockchain technology’, but bitcoin is primarily used for “money laundering, ransomware, tax evasion and other criminal activities” according to Angel. The article states that if SEC approves these bitcoin-backed ETFs it will only further bolster these types of illicit activities.
Read More Here: https://news.bitcoin.com/mainstream-med ... tcoin-etf/
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