Right you are!

gotta love that 3rd part risk

"we do this not because it is easy, but because we thought it would be easy." -bitcoiners 💀💀💀

SOUNDS RUGGY

It's gonna be the biggest rug...a big beautiful rug

🤙

IT MAY BE WORSE THAN THAT IT IS JUST A FIAT SIDE CHAIN THAT IS PEGGED TO ONLY FIAT UNLIKE OTHER LIKE-KIND ETFS THAT EVERYONE ELSE GETS 😂

Long Term ETF Destroys BTC

🙌🫡

Exactly. #bitcoin is for our friends, #bitcoin is for our enemies, #bitcoin is for everyone. Those who can use it, will.

I THINK I’M GONNA HAVE TO STAY HUMBLE AND STACK SATS ABOUT IT

https://image.nostr.build/b9f8c98cd4faec0d913397ca38061c6a043b5ac7b43fccbb90059735a10afc5d.jpg#m=image%2Fjpeg&dim=800x800&blurhash=UFGIM.9FMb%25g0KxutSR%25Ma-%3Bx%5DV%3F_Ns8D%25t7&x=91b8e60dd7fba919c831e4fd7961c33a08f993dd12759a6884dc4a9f4a5242d4

… where the custodian is probably a regulated arm of the govt…

BITCOIN ETFs will be a temporary lifeline prolonging the life of the fiat monetary system by perhaps a decade. The day will come when ETFs get re-priced in #sats!

Imagine being too chicken to protect 12 words

self custody is way to go. I like the tailwind though

*built for suits *to extract from*

SUITS WILL RUG SUITS UNTIL SELF CUSTODY IMPROVES AND NO ONE WEARS SUITS ANYMORE TO WORK

I don't know man, think about some of us older millenials and boomers who have been working and saving in our RRSP's or you in the US with 401k that money is trapped, we can take it out without being cruesfield in taxes. At least an ETF allows us to move that money to an area that is more useful th...

Jamie Dimon can’t code.

Totally agree, I had that thought when Saylor said Bitcoin NEEDED large-bank custodial services. I thought, “or 12 words”.

GM

That's actually the best description for an ETF. Suits are not going to self custody… yet

here is my dilemma: i have a forced pension that is set in CHF. I MUST contribute each month by law. I can't take it and hodl BTC. Now the CHF is as hard af BUT it still evaporates as all fiat and the cumulative effect is disastrous. SO.... WOULD I opt for some Bitcoin ETF instead of putting my pe...

Do we know what the reserve ratio will be initially? How much actual bitcoin do they have to hold?

Let them buy inferior #bitcoin while pumping our freedom money bags 🫡

It’s wrapped/staked Bitcoin for suits and it can’t be withdrawn

not even.

🤣

ANY INVESTMENT THAT'S NOT SELF-CUSTODIAL #BITCOIN IS A SCAM

https://image.nostr.build/d61dde44ac66e7135fecdde97b4b50885f8c243c66abb1fac18ce0163597eed9.gif

🎯