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It also gives us all plausible deniability of direct ownership, without even using the ETF.
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The main robber you will likely have to worry about is the state. In an ETF you are handing your corn to them on a silver plate.
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• Robber comes to your house and puts your thumb in garden shears • Robber says "give me your bitcoin" • Say "call Larry Fink bro, it's in a brokerage sitting next to my TSLA stock"