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ETF's on Bitcoin
30 sats \ 4 comments \ @Parasites_6102 14 Oct 2023 bitcoin
I personally don't give a shit about ETF's. But many normies will surely so and buy those ETF's. Does that change anything about Bitcoin? Fucking NO Most Wall Street parasites just want to pump their bags, nothing else. That's fine everyone is greedy here. But if they try to play reckless leverage games, and try to bet against Bitcoin, they will be blown away. They haven't dealt with such an extreme volatile asset ever, which is 24/7 available for anyone to get in, with no circuit breakers and rehypothecation type shit available to them. If they go total degen like they did in 2008, no one is gonna save them.
Peace Out☮
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10 sats \ 0 replies \ @DarthCoin 14 Oct 2023
many normies will surely so and buy those ETF's.
https://i.postimg.cc/zfg1ZssF/you-get-what-you-deserve.gif
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0 sats \ 0 replies \ @badabing 14 Oct 2023
We had the blowup of FTX in the current bear. In the next one, a major tradfi asset manager could be up to bat.
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0 sats \ 0 replies \ @TomK 14 Oct 2023
It's sad to see so many young people that tell me that they need someone to trust to store their assets. What a big failure in education. But I still hope that this crisis now will see the rise of the sovereign individual. At least in some regions.
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0 sats \ 0 replies \ @nikotsla 14 Oct 2023
I suppose they are going to try to manipulate the price in relation with usd... but who is going to do a shit about it? toxis? naaa we are ok, we are only going to buy more.
But it's interesting the dynamic and how those paper btc will affect the normies, those new ETF are depeg for real BTC, they are going to paper move 41M btc in one day but the chain would be counting another history.
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