Arthur Hayes Foresees Risk to Bitcoin from Financial Control

Spot Bitcoin ETF Success Poses Threat, Warns Ex-Bitmex CEO

Former Bitmex CEO Arthur Hayes warns that the success of a future spot bitcoin ETF could jeopardise the Bitcoin network. In a recent blog post, he envisions a scenario where Bitcoin is controlled by a few financial giants, risking its viability. 

Hayes suggests this could lead to the network's shutdown if transactions decline, urging caution in handling Bitcoin's future.