Golden Finance reported that economist Peter Schiff wrote on X platform that ETF violates the original intention of BTC. It is no longer decentralized, not peer-to-peer, easily confiscated, cannot be used as a payment currency, cannot be transferred across borders, users do not own the private key, and it is not their own coin.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Peter Schiff: ETF violates the original intention of Decentralization of BTC
Golden Finance reported that economist Peter Schiff wrote on X platform that ETF violates the original intention of BTC. It is no longer decentralized, not peer-to-peer, easily confiscated, cannot be used as a payment currency, cannot be transferred across borders, users do not own the private key, and it is not their own coin.