20 sats \ 0 replies \ @nullcount 1 Nov 2023 \ parent \ on: Is anyone worried they're consuming too much hopium? bitcoin
Yea, plebs electing to put their IRA or 401k in the BTC etf is the target audience at launch IMO. But this is a tiny tiny percent of capital.
10% of US companies/funds/individuals hold 90% of the wealth. If you're already fiat mega-rich, you're unlikely to ape into a BTC ETF.
Also, your peers are likely biased to want BTC. More than the average retirement account holder