EddieJayonCrypto
28 Feb 25
A Crypto ETF tsunami is on the horizon, with filings suggesting a wave of ETFs for various digital currencies. The SEC and investors are urged to proceed with caution, considering the potential lack of underlying value in these assets. Warren Buffet's analogy of Bitcoin to farmland is cited to empha...
The rise of Bitcoin ETFs and the impending influx of altcoin ETFs could have significant implications for the traditional finance industry and investors, raising concerns about the underlying value and risks associated with these digital assets. Ohio seeks to ban taxes on digital assets used as payments, while South Dakota defers a bill related to a BTC reserve, reflecting the evolving regulatory landscape for cryptocurrencies. The vulnerability of cryptocurrency exchanges is highlighted in a detailed examination of a major security breach at Bybit, shedding light on potential vulnerabilities in the industry. A Crypto ETF tsunami is on the horizon, with filings suggesting a wave of ETFs for various digital currencies. The SEC and investors are urged to proceed with caution, considering the potential lack of underlying value in these assets. Warren Buffet's analogy of Bitcoin to farmland is cited to emphasize the absence of real economic value in BTC. The article warns against the approval of altcoin ETFs, arguing that they consist of "worthless junk" and pose risks to investors' savings. The piece concludes by advising rational investors to steer clear of altcoins and urging the SEC to oppose their approval. Business A CRYPTO ETF TSUNAMI IS COMING 27 February, 2025 By Gavin Lucas