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I love stuff like this so much. Every once and a while some bureaucrat oversteps and exposes the irrelevance of the state. The smart ones know when they are exposing this fact. Fun to watch when they mess up.
I'm waiting for the realization that they can't stop bitcoin to hit them. We, the plebs could stop bitcoin. I think this is what few get. If we stopped using it. If we stopped caring it would fail. But greed makes that highly unlikely...
For the early plebs like us it is more about freedom than greed but the later people come to bitcoin the more likely it is just greed. Or if that word hurts your feelings, their desire for self preservation.
It sucks for them that bitcoin’s incentives push people in the direct opposite direction that they want to push them
And ETFs are the best they got to stop us 🤣
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I do wonder if this ETF thing might get blocked by Biden. I mean, if I were him I'd block it. I don't think it is gonna be negative for bitcoin.
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Yeah, ETFs are a prime example of the state picking its battles.
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