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I agree.
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It's unfortunate we have to deal with this nonsense again but I guess it is wall street's turn to learn bitcoin not crypto.
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This doesn't look to have anything to do with tokens. this is all bitcoin based/denominated.
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I will look into further but it is probably effectively the same idea.
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Tokenized assets will be what icos, nfts, defi were of previous cycles.
I would rather see it using bitcoin than giving validity and energy to the crypto complex but it is still lame.