ETF analyst sparks outrage with ‘blatant misinformation’ about Ethereum

Bloomberg ETF analyst Eric Balchunas shared an excerpt from a Bitcoin book claiming Amazon could shut down Ethereum, riling up the blockchain’s supporters.

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Bloomberg’s senior exchange-traded fund (ETF) analyst Eric Balchunas riled up the online Ethereum community who 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 by ETF Store president Nate Geraci.

The book excerpt claimed that the United States government could “shut down Ethereum” by telling Amazon Web Services (AWS) to turn off its cloud services. 

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