Jimmy Song Talks Bitcoin (BTC Amsterdam Interview)
The post Jimmy Song Talks Bitcoin (BTC Amsterdam Interview) appeared on BitcoinEthereumNews.com. Jimmy Song is among the names in the Bitcoin landscape that don’t require an introduction. He has been involved with the BTC ecosystem for about a decade, from being a developer and supporter of the network to publishing several books on the matter, trying to educate the masses about Bitcoin’s advantages, whether in terms of developers or retail investors. CryptoPotato had the chance to speak with Song during the Bitcoin Conference 2023 in Amsterdam, where we talked about various BTC-related topics, such as Ordinals, ETFs, the blockchain’s future, and others like inflation and money printing. ‘Don’t Care Camp’ on Bitcoin ETFs Whether or not the US will finally have a spot Bitcoin ETF has been on the minds of many, with some, such as Edward Snowden, refusing to accept a possible approval for a positive development while others believe such a product will help legitimize the cryptocurrency, especially for institutional investors. Speaking on the matter, Jimmy Song said he stands in the “I don’t care camp.” “A lot of people are wanting it to mean something and just because it has been sort of a promise for a long time. However, we have had futures ETFs for a while now in the US. We’ve had spot ETFs all over the world for a while now.” He acknowledged the fact that some institutional investors will be able to have an easier entrance to the BTC ecosystem, but they will also have the option to employ short ETFs, which is “going to be very dangerous” since redemptions of the spot product will have to be delivered in actual Bitcoin. While opining on another hot topic from earlier this year – Bitcoin Ordinals – Song categorized them as a “normal pump and dump.” He believes such schemes typically take place on altcoins, such…
The post Jimmy Song Talks Bitcoin (BTC Amsterdam Interview) appeared on BitcoinEthereumNews.com.
Jimmy Song is among the names in the Bitcoin landscape that don’t require an introduction. He has been involved with the BTC ecosystem for about a decade, from being a developer and supporter of the network to publishing several books on the matter, trying to educate the masses about Bitcoin’s advantages, whether in terms of developers or retail investors. CryptoPotato had the chance to speak with Song during the Bitcoin Conference 2023 in Amsterdam, where we talked about various BTC-related topics, such as Ordinals, ETFs, the blockchain’s future, and others like inflation and money printing. ‘Don’t Care Camp’ on Bitcoin ETFs Whether or not the US will finally have a spot Bitcoin ETF has been on the minds of many, with some, such as Edward Snowden, refusing to accept a possible approval for a positive development while others believe such a product will help legitimize the cryptocurrency, especially for institutional investors. Speaking on the matter, Jimmy Song said he stands in the “I don’t care camp.” “A lot of people are wanting it to mean something and just because it has been sort of a promise for a long time. However, we have had futures ETFs for a while now in the US. We’ve had spot ETFs all over the world for a while now.” He acknowledged the fact that some institutional investors will be able to have an easier entrance to the BTC ecosystem, but they will also have the option to employ short ETFs, which is “going to be very dangerous” since redemptions of the spot product will have to be delivered in actual Bitcoin. While opining on another hot topic from earlier this year – Bitcoin Ordinals – Song categorized them as a “normal pump and dump.” He believes such schemes typically take place on altcoins, such…
What's Your Reaction?
