We’re gonna wake up one day and read that ETFs hold 22 million bitcoins. Meanwhile, tick tock next block.
And that’s gonna be some funny shit.
Absolutely agreed. Not just ETFs but all forms of rehypothecation. There is only one solution: create demand for self custody by producing what people want and making them pay *real* bitcoin.
The people are so regarded that they may actually be able to pull off paper bitcoin just like they did with fiat cuck bucks. The node runners need to grow massively.
Yup. Hopefully more and more people will appreciate the truth of not your keys, not your bitcoin. Perhaps one day we will see a run on the ETFs and a bursting of that particular bubble. If that happens, bitcoin will survive just like it has always done.