Damus
utxo the webmaster 🧑‍💻 · 4w
Bitcoin has no value as an ETF, if we keep going down this path without building the sovereign money use case, it will die
Guy Swann profile picture
ETF isn’t going to kill it or help it in any real sense. It’s simply a wrapper that allows people who wouldn’t use Bitcoin anyway to own some in case more people actually use it over time.

In other words, it amounts to those videos posted all over twitter that have the TikTok logo at the end. It ain’t actually TikTok, but it helps people find out what it is and normalizes it.
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utxo the webmaster 🧑‍💻 · 4w
I think it does hurt, because people can’t use it as money, and so you don’t get any payment demand, merchant demand and so on. But it can’t be stopped it’s just sad for me to reconcile that maybe bitcoin is doomed to just be some speculative thing, idk etfs suck