Chanticleer

Bitcoin on the ASX opens investors to a world of pumpers and spruikers

But Binance’s regional boss Vishal Sacheendran is making a surprise call – in an interview, he says there needs to be more regulation, not less.

Jun 16, 2024 – 12.59pm

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Bitcoin coming to the ASX will open investors up to a whole new world of pumpers, spruikers and shonks, all out to make a buck at someone else’s expense.

In case investors weren’t already struggling to steer clear of listed market minefields, they will have cryptocurrency on the menu from Thursday when the first bitcoin ETF – marketed by VanEck – makes its debut.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.