I am honestly very skeptical about #bitcoin ETF everybody's talking about.
I have zero confidence and trust in institutions and that the paper bitcoin they will provide will be backed 1:1 by the actual asset. (Not mentioning evaporation of the fundamental benefits of bitcoin itself.)
Maybe it'll be backed 1:1 for couple of days or months, but this will too inevitably break. As everything that is controlled by such institutions. It's just a way for corporations to get exposure to bitcoin price, while it will still be only on-chain self-custody purchases that will actually move the price.
Petroit
npub1wt…frhdh
2023-09-01 13:11:38
in reply to nevent1q…afkj
Author Public Key
npub1wtmmcqjmppz2usp3a8tf5npqqrtruf7hlmhk2smqff4s6s9fpzfqmfrhdhPublished at
2023-09-01 13:11:38Event JSON
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