VanEck’s Garbor Gurbacs, who is the Director of Digital Asset Strategy, recently discussed the bitcoin market’s transparency levels in comparison to equities and commodities and how a Bitcoin ETF can resolve issues in the market. The discussion took place on a WhatBitcoinDid episode.

Concerning the ETF, Gurbacs commented that it would resolve pricing and that it would solidify the need for securities commodities. As he stated,

“Market manipulation via over-the-counter markets we regulated broker dealers, so you know, we think that we solved that market manipulation question as well. Because is we have price transparency and you have regulated entities that are under you know under established legal jurisdiction.”

A bigger issue that the commission may be considering is market manipulation and activities that take place outside of the United States. Such activities can impact Bitcoin’s price. According to Garbor Gurbacs’s though, he finds it to be a non-issue because it cannot be solved.

He continued by adding that there are a number of commodities, like oil, that have grey areas when it comes to foreign influence. He mentioned,

“So, what we have a hard time understanding sometimes is that why does the Bitcoin side only have such high standards or double standards, that I like to call, versus other asset classes. There’s actually, today, more transparency into the Bitcoin market other than the commodity market and bond markets.”

Gurbacs also stated that investment management firms have been promoting bitcoin transparency in terms of pricing and they have also worked to ensure that bitcoin developers in a healthy manner.

Bitcoin price in Telegram @btc_price_every_hour

347 +