NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Antonopoulos Says Bitcoin Ideology Terrifies Wall Street

Samuel Wan
Samuel Wan
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cryptocurrency proponent Andreas Antonopoulos speaks about the fear that Bitcoin invokes around Wall Street. Even though there are burgeoning Bitcoin futures markets, and so a level of interface, there remains a diametrically opposed ideology between the two.

Bitcoin Terrifies Wall Street

In a recent interview, Bitcoin advocate, Andreas Antonopolous spills the beans on Wall Street’s fear of Bitcoin. As well as why any attempt, by Wall Street, to corner the Bitcoin market will only result in skyrocketing prices.

Bitcoin and Wall Street have opposing philosophies

Alex Saunders of Nugget’s News, opened the discussion by highlighting the irreconcilable philosophical differences between Bitcoin and Wall Street. He then raised the point that Wall Street is attempting to “tame the beast” and bring it into the fold. To which Antonopolous replies:

“Let them try…Here’s the interesting thing, the idea of open competition and open markets actually terrifies financial services companies. Financial services companies are absolutely terrified of capitalism.”

Antonopolous then expands on this statement by pointing out an often overlooked detail, that is, regulation is contrary to capitalism, in its truest sense. And that Wall Street has reaped the benefits of decades of favorable governance, until now.

“They have got accustomed to working in this strictly controlled regulatory environment where they don’t get any competition. Unless that competition is approved by regulators, forced to compete at their scale, and follow the same rules. And is therefore defanged and not disruptive. And anyone who doesn’t comply is sued, bought or extinguished until they comply…It’s a cosy parasitic oligopoly, a cartel basically. It doesn’t represent the free market at all.”

Skyrocketing Prices

On that note, Antonopolous remains confident that Bitcoin, the antithesis to all of this, is superior, and will “win” on the grounds of being a better system. And in terms of the threat posed by Wall Street, Antononpolous believes any attempt to buy all of the Bitcoin will result in skyrocketing prices.

“What will happen is, they will try to buy it. I’m not selling, are you selling Alex? So what happens then? The price goes up, and now I’m not selling even more. So now they’re throwing more and more worthless fiat at less and less very, very, very worthy crypto that has limited supply. And all they’re achieving is driving up the price, and not buying up all of the crypto.”

Even so, Antononpolous downplays the effect of manipulation by saying Wall Street risks heavy exposure in manipulating markets. And that this is a practice that cannot present itself all of the time.

“They can manipulate the price some of the time, and some of the places. But not all of the time and all of the places. And in the end, these are very dangerous games for a fragile system. The fragile system is of course the traditional financial system.”

Market Manipulation

All the same, market manipulation remains a fundamental problem with Bitcoin. And while Antonopoulos believes the risk exposure is too great for Wall Street, that doesn’t take away from the fact that other parties, with vested interests, have the motivation and means to also manipulate the Bitcoin price.

Only last week, Bitfinex and Tether filed a motion to dismiss a $1.4 trillion lawsuit on claims of market manipulation. With the worst possible outcome being a collapse of the Bitcoin price, and complete loss of investor confidence.

. @bitfinex and @Tether_to once again will shield our industry from all the nonsense that few are try to spin around to demolish the hard work made by many of us. https://t.co/8xcGf6WIgC

— Paolo Ardoino 🍐 (@paoloardoino) November 15, 2019

And as much as Bitcoin is sound money based on a decentralized peer to peer system, that alone is not enough to “win.”

Tweet123Share196ShareSend
Samuel Wan
Samuel Wan

Samuel Wan

Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance — a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Ethereum Sees $6 Billion In Tokenized Funds As Big Players Jump In

Ethereum’s smart-contract platform has crossed a major line. According to data shared by Token Terminal on X, the total value...

Christian Encila 1 hour ago
bitcoin news

2025’s Biggest Bitcoin Bull Trigger Is Still Hidden, Expert Reveals

In a conversation with The Bitcoin Economy podcast, Bloomberg Intelligence ETF analyst James Seyffart argued that the next, and potentially...

Jake Simmons 3 hours ago
Alternatívna kryptomena k DOGE, ktorá môže zmeniť 650 $ na 65 000 $ za iba 4 mesiace

Alternatívna kryptomena k DOGE, ktorá môže zmeniť 650 $ na 65 000 $ za iba 4 mesiace

Len málo tokenov vyvolalo toľko rozruchu a sympatií ako Dogecoin. To, čo začalo ako vtip, sa vďaka memom, nadšeniu malých...

newsbtc 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum raggiunge i 6 miliardi di dollari in fondi tokenizzati mentre i grandi investitori entrano in gioco.

clararosati 7 minutes ago

Letni zastój na rynku Bitcoina? Niektóre wolumeny najniższe od lat

newsbtc 20 minutes ago

Theta Network Welcomes Prestigious Hongik University as the 21st Academia Customer of EdgeCloud Hybrid

News BTC 1 hour ago

Premium Sponsors

Press Releases

  • ビットコイン23万ドル予測、注目の仮想通貨プレセールにも期待高まる

    ...

    2 minutes ago
  • EU全域でMiCA承認急増──仮想通貨おすすめの新時代到来か?

    ...

    15 minutes ago
  • ドージコイン DOGE に代わる仮想通貨おすすめ銘柄が今年大きな成長を遂げる見込み

    ドージコイン DOGE...

    26 minutes ago
  • こちらがご希望のリライト案です。キーワード「アルトコイン」をタイトルの最初に入れています。

    ...

    50 minutes ago
  • Mobile phone is a mining machine! ETHRANSACTION launches...

    1 hour ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.