The Golden Teacher🍄⚡ on Nostr: Taking away the career-risk of advisors to talk seriously again about Bitcoin is ...

Taking away the career-risk of advisors to talk seriously again about Bitcoin is good, it's becoming more legitimate in the eyes of the motherfuckers who've run this world so poorly and selfishly. Perhaps some deep pockets out there will take a harder look at bitcoin with Fink confirming that BTC is here to stay for the long term.

If someone wanted to plow a few billion dollars into bitcoin and have mandates that it must be in a security and not the underlying BTC directly, then this is a good vehicle for those institutions, I guess.... still, it's a shitty replacement for the real deal, and I suspect once the accounting rules are changed around bitcoin, there will be more companies and institutions buying direct BTC instead.. the risk is just too great for rug pulls.

Nothing can compare to the security guarantees of running your own node(s), holding your own private keys in MultiSig, and holding long term. Having an IOU from BlackRock is dogshit, but it might be beneficial in the short term interim period we're going through towards a bitcoin world.

That said, fully expect the usual bullshit scammy fiat games to be played with this ETF...