Andrey on Nostr: Is the Bitcoin ETF dangerous for BTC? Answer: Not dangerous. Here’s a mathematical ...

Is the Bitcoin ETF dangerous for BTC?

Answer: Not dangerous. Here’s a mathematical proof:

1. ETF ≠ BTC
2. BTC ⟩ ETF
3. 1 BTC = 1 BTC
4. 1 ETF BTC ≠ 1 BTC
5. ∀ ETF ∈ TradFi, Danger(ETF → BTC) = 0

Bitcoin doesn’t care about abstractions built around it.
There’s no vector by which ETF can threaten Bitcoin itself.

Q.E.D.