bitcoinaz on Nostr: Taking a seat in the back of the room and trying new shoes, looking at the improbable ...
Taking a seat in the back of the room and trying new shoes, looking at the improbable US spot ETF:
-drives attention away from self custody
-gives more power to bankers over bitcoin narratives and price
-doesn't really change much in demand, there are bitcoin ETFs and products all-over the world, including futures ETFs in US
-increases US regulatory pressure on #bitcoin businesses
-gives "crypto" scammers ammo for promoting their shit
-incentives bankers and state to push for a "clean complying bitcoin" fork, with pos and adjustable inflation (lol)
-"if we have Bitcoin ETF we should also have ETH, Cordanoh and HEX ETFs"- future VanEck press release
What else?
-drives attention away from self custody
-gives more power to bankers over bitcoin narratives and price
-doesn't really change much in demand, there are bitcoin ETFs and products all-over the world, including futures ETFs in US
-increases US regulatory pressure on #bitcoin businesses
-gives "crypto" scammers ammo for promoting their shit
-incentives bankers and state to push for a "clean complying bitcoin" fork, with pos and adjustable inflation (lol)
-"if we have Bitcoin ETF we should also have ETH, Cordanoh and HEX ETFs"- future VanEck press release
What else?