Oddbean new post about | logout
 I don’t like ETF’s having Bitcoin. It leaves an even more limited supply for normal folk that want to use it for its intended purpose p2p. 
 Fiat mindset. You don't need more units in the system to make it work better. Bitcoins are divisable down to a 100 millionth, which leaves heaps of granularity. Even if all bitcoins apart from 100,000 were lost, that would be enough. 
 Once those bitcoins/sats are in etf custardy/storage they ain’t coming back out is more my point. Nothing to do with it working better, it works just fine. 
 Like I said, even if the Bitcoin's were effectively burnt or lost, this makes no difference on the useability of the remaining Bitcoin.