Right now, individuals have the majority of the Bitcoin in existence. These ETFs will look to fill their coffers with the corn of those large holders of Bitcoin.
Coinbase is the custodial choice for most of the US-offered ETFs. Therefore selling into those ETFs by way of their authorized participants is giving your coins over to Anakin and the Death Star.
Understand this is to be a pivotal point in Bitcoin's existence. Because Coinbase potentially holding the majority of coins would create an incredible honey pot for the Gov't to confiscate Bitcoin like they did with Gold in 1933. Who better to bully than a publicly traded, heavily regulated entity?
Coinbase is the Bank of All Crypto Banks.
Understand Self-Custody, and understand the path to freedom is not about finding a new overlord. It's about becoming more and more sovereign daily.
Make the old money fight over the scraps. "Hold the Door"
Which by the way is easy because you can just, as I say,
#Bitcoin and Chill!
bigmarh
npub1k7…rrg96
2023-12-05 18:33:10
Author Public Key
npub1k7cnst4fh4ajgg8w6ndcmqen4fnyc7ahhm3zpp255vdxqarrtekq5rrg96Published at
2023-12-05 18:33:10Event JSON
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"content": "Right now, individuals have the majority of the Bitcoin in existence. These ETFs will look to fill their coffers with the corn of those large holders of Bitcoin.\n\nCoinbase is the custodial choice for most of the US-offered ETFs. Therefore selling into those ETFs by way of their authorized participants is giving your coins over to Anakin and the Death Star. \n\nUnderstand this is to be a pivotal point in Bitcoin's existence. Because Coinbase potentially holding the majority of coins would create an incredible honey pot for the Gov't to confiscate Bitcoin like they did with Gold in 1933. Who better to bully than a publicly traded, heavily regulated entity?\n\nCoinbase is the Bank of All Crypto Banks.\n\nUnderstand Self-Custody, and understand the path to freedom is not about finding a new overlord. It's about becoming more and more sovereign daily.\n\nMake the old money fight over the scraps. \"Hold the Door\"\n\nWhich by the way is easy because you can just, as I say, \n#Bitcoin and Chill!\n\n\n",
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}