Oddbean new post about login | logout this headline says it all...sadly. https://www.usatoday.com/story/money/2024/01/11/sec-approves-bitcoin-etfs/72187298007/
😂🤦♂️💯💜
"Investing in a bitcoin ETF will allow investors to reap potential profits from bitcoin without the attendant risks of owning bitcoin directly, Reuters said." Yea, wouldn't want to risk keeping control of your assets 😑
I guess they don’t talk about the investor‘s risk. They mean the risk for tradfi.
it's a lot like trading war bonds. eventually the ground lease is up for everyone. public is public - and integrated public into free&fair_use™️ transforms misuse into respectful creation and amplification instead of bounty and theft. simple. in the mean time, 99 year lease just renewed and i hold title for 98 more years due to merge. 🚬🍹🎈 https://en.m.wikipedia.org/wiki/99-year_lease
everything is good for bitcoin
Wall Street and bitcoin a no-no. Good for publicity
https://image.nostr.build/9823246a8e872d5aff19e9c7793b61eb97ff22ef4e6f5ae68d06e8cd2d88e907.jpg
https://www.instagram.com/reel/C15jMpLslSB/?igsh=aGN6Y3Q3ZWVpMHU2
Cathie.... you have to Pump it Up 🤣
https://image.nostr.build/2e4131223863438ba0145d9bb6f3e148f34509c87a33753f8ed68c4ac40c7de0.jpg
Jamie Dimon (JP Morgan CEO) & Bitcoin: Jan. 23, 2014: 'Bitcoin is a terrible store of value' Nov. 5, 2015: 'Bitcoin will not survive' Jan. 20, 2016: 'Bitcoin is going nowhere' Sept. 12, 2017: 'Bitcoin is a fraud' Oct. 12, 2017: 'I am not going to talk about Bitcoin anymore' Jan. 9, 2018: 'I regret making that comment' Oct. 30, 2018: 'I don't really give a shit about Bitcoin' Sept. 21, 2022: 'I am a major skeptic on crypto tokens, which you call currency, like Bitcoin.' Dec. 6, 2023: 'I have always been deeply opposed to crypto, Bitcoin, etc. - if I were the government I'd close it down.' Dec. 29, 2023: 'BlackRock, Valkyrie name authorized participants including JP Morgan for Bitcoin ETF'
Just need to make sure BlackRock doesn't get my bitcoin. And since they are in cold storage I doubt they will ever 😎
Patience
Jack bro, humor me and tell me why it is "sad", I'd love a well thought out and logical answer and what I have heard from many Maxis is tarded, if anyone is going to give me a good reason for this take, it will be you, so my ears are open and my mouth (audible and textual) is shut.
Would so love to hear you expand on this and what you personally see as the short and long term effects on the whole ecosystem. Including how it affects all the things you're supporting and working toward... as far as establishing a freer and more empowered world through protocols and digital property... and whatever else I am not all that attuned to yet.
Everyday investors, who know nothing of what Bitcoin really is, and only in it to stack more fiat currency into their bank accounts. If they would just educate, they would buy and store the real deal.
Bitcoin has no board of directors where you can place your pawns. It represents the conversion of energy into a global asset. Whoever owns the key still possesses it, along with the opportunity to move their wealth wherever it is accepted in the world, and under the best conditions. ETFs merely provide a foundation for the wealth of sovereign individuals. It will bring the liquidity required by wealthy and tech-savvy individuals to escape the fiscal trap. The Volga will purchase the assets managed by banks that will manipulate the price, and on the other side, the God-Kings will continue to tax the harvest of the middle class as usual, selling them the dream of protection and social welfare, the counterpart of the Christian Paradise. History just rhymes. The Trojan Horse is inside the walls.
Jack we are onboarding the entire planet. Wether or not they understand it yet, at least they have some sort of exposure
If the end game is to have bitcoin the global currency, it matters not what it is worth in their ponzi money.
