theothermichaeljordan on Nostr: If you’re buying a #BitcoinETF, it means you think the value of Bitcoin is going ...
If you’re buying a #BitcoinETF, it means you think the value of Bitcoin is going up.
If you think it’s going up “just because,” ok. That’s a lazy reason, but buy the ETF.
But if you think it’s going up because it is a digital property that will be replacing value in stocks, bonds, real estate, etc. as the world shifts toward a Bitcoin standard, then an ETF doesn’t make any sense.
You’re betting on a new system and simultaneously putting your money on the old one.
If you think it’s going up “just because,” ok. That’s a lazy reason, but buy the ETF.
But if you think it’s going up because it is a digital property that will be replacing value in stocks, bonds, real estate, etc. as the world shifts toward a Bitcoin standard, then an ETF doesn’t make any sense.
You’re betting on a new system and simultaneously putting your money on the old one.