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120 sats \ 2 replies \ @CoSatoshi 18 Oct 2023 \ on: Bitcoin ETFs Good for price bad for Bitcoin bitcoin
Look, it's inevitable. It was always going to be inevitable. But Bitcoin doesn't care, and neither do Bitcoiners. We'll keep stackin sats and educating the world on sound money. The ETF will at least lend an opportunity for that conversation to arise with millions of noobs. Not all of them will accept it, but some will. Others will come around in the long run, others never will. Eventually, no one will have a choice, as the dollar fades away into complete and total irrelevance. At the end of the day, it's better to have the chance to orange pill normies than not. Especially if the likes of Blackrock are in fact (and this is debatable) orange-pilled themselves. If so, this lends a ton of credibility to Bitcoin for the normies. Again, I'll take that over not having it any day.
you are right this is going to be good for adoption but as the same time it's also bad because it defeats the entire purpose of bitcoin. Bitcoin is by the people for the people!
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Also, this is one of many "told you so" moments to come towards MSM ...
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