The Bitcoin spot ETF is a Ponzi scheme.

Janak9955

Former Securities and Exchange Commission (SEC) enforcement official John Reed Stark posted on social media platform X, stating that cryptocurrency has only one proven practical use, which is its ability to facilitate crime, money laundering, and other known human vices. The push for a Bitcoin spot ETF is another way for financial giants to charge fees for this product. The Bitcoin spot ETF is a Ponzi scheme, marketed as a means to provide inclusive finance to those without bank accounts, while in reality, it is a predatory means of inclusion. The current market rebound reflects widespread enthusiasm for the product, which Stark refers to as a "carefully orchestrated fraud." He claims to support Better Markets' call for regulatory authorities to reject all applications submitted so far.

Samiksha

It depends on one's own perspective.

Indra55

Whether it's a scam or not doesn't really concern me.

Iti9

I believe Bitcoin is a very good investment.