Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Former Bitmex CEO Arthur Hayes: ETF Success Could ‘Destroy Bitcoin’
TRADING NEWS

Former Bitmex CEO Arthur Hayes: ETF Success Could ‘Destroy Bitcoin’

By Crypto FlexsDecember 25, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Former Bitmex CEO Arthur Hayes: ETF Success Could ‘Destroy Bitcoin’
Share
Facebook Twitter LinkedIn Pinterest Email

Former Bitmex CEO and cryptocurrency market analyst Arthur Hayes weighed in on the success of the upcoming spot Bitcoin ETF and its implications for the future of Bitcoin. Hayes said the popularity of these ETF derivatives could centralize control of all Bitcoin in a few hands, causing miners to capitulate due to lack of activity on the blockchain.

Arthur Hayes believes ETFs could spell the end of Bitcoin.

Former Bitmex CEO Arthur Hayes believes the success of the upcoming spot Bitcoin ETF could threaten the existence of the Bitcoin network. In his most recent blog post, “Expression,” Hayes presents a hypothetical situation where Bitcoin is all in the hands of a few financial firms, such as Blackrock.

If this happens, Hayes predicts it will destroy Bitcoin as a store of value because it is different from every asset traded on financial markets to date.

Hayes argued:

Bitcoin is the first monetary asset in human history that exists only through movement. However, without another Bitcoin transaction between two entities, miners will not be able to afford the energy it takes to secure the network.

As a result, after the subsidy ends around 2140, the entire Bitcoin network will be shut down due to starvation of miners who will only receive fees from Bitcoin transactions.

Hayes adds that this could happen if users value Bitcoin as a financial asset rather than a store of value and prefer to buy derivatives instead of cryptocurrencies. But if Bitcoin suffers this fate, Hayes foresees the creation of similar assets that would allow people to transact in a non-governmental financial system.

“Secondly, I hope we learn not to hand over our private keys to bald men,” he concluded.

What do you think about Hayes’ comments on the success of the spot Bitcoin ETF and its impact on Bitcoin? Let us know in the comments section below.

Source: Bitcoin.com

Cryptocurrency Investment Risk Warning

Cryptocurrency assets are highly volatile. Your capital is at risk.
Do not invest unless you are prepared to lose all your money.
This is a high-risk investment and you should not expect to be protected if something goes wrong.

Read full disclaimer

like this:

good night Loading…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025
Add A Comment

Comments are closed.

Recent Posts

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025
Most Popular

Dogecoin Whales Are Selling: How Growing Bearish Sentiment Could Affect DOGE Prices

April 12, 2024

Nigerian SEC proposes to increase registration fees for cryptocurrency exchanges

March 16, 2024

Revolut and MetaMask unveil ‘Revolut Ramp’ for smooth cryptocurrency trading

March 6, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.