Opinion
Wall Street's ETFs are domesticating Bitcoin into a fee machine, stripping away peer-to-peer ethos while concentrating power in custodial chokepoints.
Nic Puckrin is a crypto analyst and CEO of Coin Bureau who brings Wall Street expertise, coming from a traditional finance background, with a former quantitative role at Goldman Sachs, but was attracted by decentralized and permissionless finance. Nic founded Coin Bureau in 2017, a platform that publishes independent, educational content on cryptocurrency. Coin Bureau today operates several media assets, including the largest crypto-focused YouTube channel in the industry, with over 2.6 million subscribers.
Wall Street's ETFs are domesticating Bitcoin into a fee machine, stripping away peer-to-peer ethos while concentrating power in custodial chokepoints.