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Hello to all of you kcps, I am a Pinoy crypto trader and in this video we will talk about this news where Peter Sheff said that Bitcoin atf is a speculative Casino, it's like a gamble. That's what Mr. Peter Shift said here. For those who don't know Mr. Peter Shif, he is one of the critics of Bitcoin.
He really hates Bitcoin. So before we continue, I just fixed my disclaimer to clarify the content of this video. This is not financial advice for education and information purposes. Its purpose is only. Apart from this, I also want to warn you that there is no group chat for the Pinoy crypto trader.
That's Mr. Peter Chief. He said here that Peter Chief recently branded the upcoming US listed spot Bitcoin etf as its speculative tools. His view on the upcoming spot Bitcoin etf is like a gamble. renowned economist and cryptocurrency skeptic Peter Chief has once again steered the Bitcoin waters with his latest critique on the ex social media so there you have it again ah Mr.
Peter Shif has caused a stir here in the Bitcoin community because of his latest criticism he released on his social media account with the anticipation of the potential approval of multiple US listed spot Bitcoin exchange traded funds going into overdrive Shi called Bitcoin a failed digital currency Whose only Achievement lies in its spec why the heavy statement released by Mr.
Peter Shif here on Bitcoin Bitcoin is a failed digital currency whose only achievement lies in its spec that is why his achievements are only based on his speculative nature that is speculation Uh his recent post argues that this ETF if approved would merely serve as a gateway gateway for a new wave of speculations likening them to entrance in a gambling Arena so there is no ETF approval in the ATF this is According to Mr.
Peter Shi said that this will only cause another wave of speculations, those are the predictions, those are the ahs, and that's why he compared it to a gambling arena. That's why he said it's a Casino or it's like a bet. That's what he used to compare here the sec is ready to approve spot etf Charles gaspar ino a veteran journalist shared insights from top securities lawyers regarding the us securities and exchange commission chairman Gary gensler Uh recent crypto warnings these warnings according to the lawyers are up break courser to the potential approval of a spot Bitcoin etf gensler St a statements portray Bitcoin as a speculative volatile asset drawing parallels to F currencies with unstable backing such as the Argentina peso he differentiated Bitcoin from other digital assets and caution about the potential for government regulatory actions that could negatively impact Bitcoin furthermore he pointed out the prevalence of low Breakers within the crypto ecos system despite despite this d warnings the sec appears to have no more obstacles obstacles to approving this etf Shi calls to abolish the secc k That's it Ah shif is ah calling for abolishing the sec a Chief prominent critic of Bitcoin has consistently Expressed his skepticism towards the cryptocurrency and the institution regulating it in in October 2021 he publicly criticized the sec's approval of a Bitcoin futures etf arguing for the abolition of the sec itself according to shift the approval of such etf was misconstrued as a governmental Uh endorsement of Bitcoin which He believes is unfounded he is convinced that the investment in Bitcoin whether directly through futures or via spots etf is simply a form of gambling so that's it again no matter what form of investment it is Bitcoin will be in futures it will be in spots or Ay ayan na nga maging sa etf ay ang tingin pa rin po niya dito ay isa po itong form of gambling or isa paraan ng pustahan or sugal kaya ganyan po katindi ang kritikong thiso si Peter Chief at that's all we'll do in this video I hope you liked my explanation here if If you liked it, please click the like button.
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