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57 sats \ 0 replies \ @softglitter2d 10h \ on: Are Some Whales Abandoning Self Custody? bitcoin
I have a theory over here. Those who like ETFs have profiles: the first one is they get used to make TradFi for their whole life so, they're going to move only where they are comfortable, meaning, with fiat taxes, fiat accounting, everything as intend to be because they made it like that in the last...40 years? I don't know how long they've been there.
Second profile is that amuse me because there are milennials (and all the following) who embrace bitcoin not as a solution or something, just a commodity and don't understand a thing about what are they buying. PlanB's annoucement is not concerning because he's someone who was part of TradFi, so I think his profile is the first one but the rest of people, who are willing to sacrifice their bitcoins for a piece of paper...man, they're getting rugged.