ZLOK on Nostr: As bitcoiners argue whether ETF and MSTR are good or bad for bitcoiners, I'm ...
As bitcoiners argue whether ETF and MSTR are good or bad for bitcoiners, I'm wondering if BlackRock Grayscale Fidelity, and Saylor realise that a very large part of Bitcoin value comes precisely from – ironically – the ability to self-custody.
Without it, what they are holding would be as worthless as if they created their own BTC forked clone...
In an extreme case scenario where they'd buy *all* the Bitcoin, value would simply free fall to zero. Question is: How much can they gulp before reaching the tipping point?
Most people buying price exposure through ETF or MSTR understandably don't understand this. Heck, many self-custodying bitcoiners don't either. I would like to know if the people running these giants do. 🤔
Without it, what they are holding would be as worthless as if they created their own BTC forked clone...
In an extreme case scenario where they'd buy *all* the Bitcoin, value would simply free fall to zero. Question is: How much can they gulp before reaching the tipping point?
Most people buying price exposure through ETF or MSTR understandably don't understand this. Heck, many self-custodying bitcoiners don't either. I would like to know if the people running these giants do. 🤔