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Most of the guys getting into the ETFs will never own Bitcoin directly, we just have to accept that, certainly for the short and medium terms. BUT, some will buy first and learn after, and we know that with added Bitcoin knowledge comes added conviction and self-custody etc.
45 sats \ 0 replies \ @dk 17 Jan
i like ETFs as they help more people get curious and get aligned with bitcoin’s success. some will graduate to owning the underlying asset when they start to ask “why does this thing keep going up relative to USD?”
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Yeah, that's my optimistic take on this. It's probably going to be like a typical bull run where the low conviction guys sell on a crash while the lucky few get serious about learning.
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