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BOMBSHELL: ETF Guru Unleashes Epic Crypto Catastrophe After Reading One Miserable Book Excerpt – You Won’t Believe What He Said About Ethereum

Crypto NewsEthereumFeatured Doug Martinez October 11, 2024

A illustration of a person holding an Amazon cloud icon with a red 'X' marked through it, while another figure in the background is shown being dragged away by chains, symbolizing Vitalik Buterin's supposed kidnapping scenario. In the foreground, a Bitcoin logo and a book titled "Bitcoin: Beginner’s Guide" are prominently displayed.

Someone finally got under Eric Balchunas’ skin – but not in a way that’ll get him fired from Bloomberg (we’re pretty sure). The ETF analyst’s attempt at crypto expertise went up in flames after he shared some laughable ‘facts’ about Ethereum, courtesy of a book excerpt. For those who missed it, Balchunas claimed Ether was basically useless and insecure compared to Bitcoin – all because the US government could supposedly shut down Ethereum by telling Amazon Web Services (AWS) to turn off its cloud services. Yeah, that’s not how decentralized networks work, Eric…

Source: cointelegraph

ETF analyst sparks outrage with ‘blatant misinformation’ about Ethereum
https://cointelegraph.com/news/etf-analyst-sparks-outrage-post-about-ethereum
Bloomberg’s senior exchange-traded fund (ETF) analyst Eric Balchunas riled up the online Ethereum community, many of whom claimed he posted “misinformation” in a now-deleted X post. On Oct. 7, Balchunas shared an excerpt from Benjamin Hart’s book, Bitcoin: Beginner’s Guide, and added that Ether (ETH) “just isn’t the same or as secure” as Bitcoin (BTC) in response to a request for a crypto book recommendation from ETF Store president Nate […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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