My two sats on #Bitcoin #ETF:
The only good thing that the ETF will do for Bitcoin will be a price pump. But what will it do for Bitcoin adoption? In my opinion, nothing. ETF will not help people understanding the value proposition of Bitcoin, only to enrich them in dollar terms. Is that what we want?
Moreover, buying bitcoin though ETF will be no different than buying them on a CEX. We bitcoiners always warn about the importance of self-custody and now we are all screaming at the wonders of ETF; isn’t it hypocritical?
What do you think?
#asknostr
#nostr
#grownostr
#plebchain
tuma / Tuma
npub1jeq…nmal
2023-10-24 15:26:49
Author Public Key
npub1jeqhakwnjf3hp2y8gv8uly95d7asn64y3y0wex7usl5sye4s9f2sgznmalSeen on
wss://relay.noswhere.comPublished at
2023-10-24 15:26:49Event JSON
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"content": "My two sats on #Bitcoin #ETF:\n\nThe only good thing that the ETF will do for Bitcoin will be a price pump. But what will it do for Bitcoin adoption? In my opinion, nothing. ETF will not help people understanding the value proposition of Bitcoin, only to enrich them in dollar terms. Is that what we want?\n\nMoreover, buying bitcoin though ETF will be no different than buying them on a CEX. We bitcoiners always warn about the importance of self-custody and now we are all screaming at the wonders of ETF; isn’t it hypocritical?\n\nWhat do you think?\n\n#asknostr\n#nostr\n#grownostr\n#plebchain",
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