stacksatsio on Nostr: The ETFs are effectively an API into tradfi regulated fiat that Bitcoin never had ...
The ETFs are effectively an API into tradfi regulated fiat that Bitcoin never had previously.
All the ballaches of exchanges which have a propensity to blow up are bypassed, and the learning curves with wallets and signing transactions avoided.
I think they’ll eventually get 6102ed and rek a lot of people but in the meantime it’s a blackhole accelerating Bitcoin’s ability to demonetise other assets.
Seems to me they’ll soak up all available liquidity until absolute scarcity hits and sends Bitcoin to the moon - that’s when Bitcoiners get to dictate terms.
I want to see Blackrock on Bisq and RoboSats bidding 20%-30%-40% overs like a junkie desperate for a fix and OGs pissing themselves laughing, demanding islands in the Caribbean or NYC square blocks for a wholecoin.
All the ballaches of exchanges which have a propensity to blow up are bypassed, and the learning curves with wallets and signing transactions avoided.
I think they’ll eventually get 6102ed and rek a lot of people but in the meantime it’s a blackhole accelerating Bitcoin’s ability to demonetise other assets.
Seems to me they’ll soak up all available liquidity until absolute scarcity hits and sends Bitcoin to the moon - that’s when Bitcoiners get to dictate terms.
I want to see Blackrock on Bisq and RoboSats bidding 20%-30%-40% overs like a junkie desperate for a fix and OGs pissing themselves laughing, demanding islands in the Caribbean or NYC square blocks for a wholecoin.