BitMEX founder Arthur Hayes, in a thought-provoking blog post, explores the potential existential threat confronting Bitcoin. He highlights the increasing popularity of Exchange-Traded Funds (ETFs) managed by traditional finance (TradFi) asset managers. Hayes argues that the triumph of these...

BitMEX founder Arthur Hayes, in a thought-provoking blog post, explores the potential existential threat confronting Bitcoin. He highlights the increasing popularity of Exchange-Traded Funds (ETFs) managed by traditional finance (TradFi) asset managers. Hayes argues that the triumph of these ETFs might endanger Bitcoin, potentially turning it into a state-controlled financial asset and losing its original [�]

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