Oddbean new post about | logout
 I'm sitting around thinking, in order to hedge against currency collapse, ETF approval can be seen as part of nation-state strategy to secure bitcoin within its borders. Likewise, to ensure frequent access to block space and permissionless/secure/immutable communication, you can see nation-states maximizing hashrate within their borders. Also, all of it is good for Bitcoin, and part of the societal change it is designed to effect. 🤫 
 yes, high net worthers get calls to buy into the ETF
the fucking escape hedge is playing out
even for normal dudes
and not only early adopter nerds