the funny thing about the BTC ETF is that I think it will be a long-term negative for bitcoin. consider, it is going to financialize BTC, which is exactly the opposite of what BTC was ostensibly all about. now, there will be major players with the ability to overwhelm the market financially, not dissimilar to what we see in gold and silver. the whales don't have enough money to take on JPM or GS if they decide the price needs to fall
I do wonder why the liberations at the heart of the Bitcoin movement are not voicing their concerns louder as the the centrepiece Od crypto moves towards Tradfi via another etf
the funny thing about the BTC ETF is that I think it will be a long-term negative for bitcoin. consider, it is going to financialize BTC, which is exactly the opposite of what BTC was ostensibly all about. now, there will be major players with the ability to overwhelm the market financially, not dissimilar to what we see in gold and silver. the whales don't have enough money to take on JPM or GS if they decide the price needs to fall
I do wonder why the liberations at the heart of the Bitcoin movement are not voicing their concerns louder as the the centrepiece Od crypto moves towards Tradfi via another etf
I think the answer is that all of their libertarianism was BS and it was always about 'number go up'!