Bloomberg ETF Guru Eric Balchunas Slammed For ”Blatant Misinformation” In Controversial Ethereum Post
Bloomberg Intelligence ETF analyst Eric Balchunas faced a backlash on social media after sharing a now-deleted post criticizing Ethereum security, with one prominent voice accusing him of spreading misinformation. The controversy stemmed from an excerpt from the book, ”Bitcoin: Beginner’s Guide,” that Balchunas shared. It claims that Ethereum is less secure than Bitcoin and says the network could be shut down by the US government by telling Amazon Web Services (AWS), which currently hosts 28.4% of the network’s nodes, to turn off its cloud services. Ethereum supporters were quick to condemn the post, and Balchunas’s tweet was deleted. “For those wondering, this is the tweet Eric deleted – absolute blatant misinformation and pretty much complete propaganda,” said independent Etherum Ethereum educator Anthony Sassano in a post on X. “You should be utterly ashamed of yourself for even sharing this (and you only deleted it because yo...