My two sats on #Bitcoin #ETF:
The only good thing that the ETF will do for Bitcoin will be a price pump. But what will it do for Bitcoin adoption? In my opinion, nothing. ETF will not help people understanding the value proposition of Bitcoin, only to enrich them in dollar terms. Is that what we want?
Moreover, buying bitcoin though ETF will be no different than buying them on a CEX. We bitcoiners always warn about the importance of self-custody and now we are all screaming at the wonders of ETF; isn’t it hypocritical?
What do you think?
#asknostr #nostr #grownostr #plebchain