Michael on Nostr: What about the implications of Bitcoin ETFs. These financial instruments allow ...
What about the implications of Bitcoin ETFs. These financial instruments allow entities to accumulate large amounts of Bitcoin, potentially gaining enough control to influence its price significantly. Such a concentration of Bitcoin in the hands of a few is concerning and contradicts the decentralized ethos that Bitcoin advocates for. If one of the primary critiques of Goldbugs is their self-serving approach and the centralization of gold, then the same scrutiny must be applied to the Bitcoin ecosystem. The potential for a similar centralization through Bitcoin ETFs poses a question worth pondering: How can we ensure that the movement towards digital currency remains true to its foundational principles of decentralization and accessibility for all, without replicating the very issues it seeks to resolve?
Published at
2024-04-02 14:06:25Event JSON
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