Kieran on Nostr: btc is the new gold. and all that entails. ...
btc is the new gold. and all that entails.
quoting note1qct…z7p9SEC has just granted accelerated approval for the listing and trading of options on $IBIT.
And you think they are not controlling bitcoin?
- First they created cash-settled futures (Fiat), which made it possible to create paper bitcoin.
- When they already had a huge futures market with the CME, then they gave way to ETFs to be able to control the price, ETFs are also cash settled (Fiat).
- Finally they have approved options, also not redeemed with the underlying, redeemed with Fiat.
You must understand that the three Bitcoin institutional instruments, Futures, ETFs and options all revolve around Fiat and not Bitcoin, they are all cash settled. The only one that affects Bitcoin volume are the ETFs and even then they are not redeemed on the underlying.
They are trying the same play as with gold.
The money changers, i.e. the old bankers (Rothschilds) knew that to get into power they simply had to have as much gold as possible and create the loan/interest system.
This is what they are doing now with Bitcon, taking Bitcon away from the people.
Saifedean explains very well in his book Patron Fiat that in a Bitcoin system it won't make much sense to lend Bitcoin for interest.
What can you do?
- Never deposit Bitcoin in a bank.
- Create circular economies, black market, grey market, counter economy.
- Never pay taxes on Bitcoin.
- Never give Bitcoin to a government, before they are lost.
https://www.sec.gov/files/rules/sro/ise/2024/34-101128.pdf