Kraken’s Dan Held Addresses China Banning Bitcoin: “The Biggest Geopolitical Mistake Of The Century”

Dan Held from Kraken had something important to say about China banning Bitcoin. Check out the tweet that he shared on his social media account here.

China banning #Bitcoin may be the biggest geopolitical mistake of the century.

— Dan Held (@danheld) October 23, 2021

Someone said: “China’s CBDC will be the no1 digital currency in 2 years,” and another follower responded to the first one: “Too much hype with digital yuan, people has been using mobile payment, e-banking for decade now. What will digital yuan bring? Are you using yuan now?”

Someone else said: “I love how some of you think that crypto us going to someone replace regular currency. No..it just isn’t. It’s far too unstable. You run the risk of bankrupting an entire country. I love new tech but it’s just too reliable.”

Another follower said:

Chances are that people with lasers for eyes or BTC in their name has less understanding of history.

As tech goes BTC is kind of meh.

Its the rocketry, biological engineering, manufacturing, R&D that usually makes or breaks a country

— TradeAnandha (@AnandhaTrade) October 23, 2021

At the moment of writing this article, BTC is trading in the red. The king coin is priced at $61,056.

There’s a new BTC ETF that rolled out the other day.

Valkyrie Investments, which is an alternative asset management firm, launched the country’s second Bitcoin futures ETF, according to CEO Leah Wald.

It’s been revealed by the official notes that the new product is called the Valkyrie Bitcoin Strategy ETF and it will trade on the Nasdaq under the ticker symbol BTF.

This important launch comes following ProShares’ Bitcoin futures exchange-traded fund – this one exploded onto the market on Tuesday with the second-biggest ETF launch of all time.

Stay tuned for more news and make sure to keep your eyes on the crypto market.