pull down to refresh
0 sats \ 4 replies \ @kr OP 5 Mar \ parent \ on: Will MSTR Outperform or Underperform Against Bitcoin? bitcoin
i think on paper you are right, but i don’t think any ETF issuer would get away with destroying the wealth of millions of people who thought they were holding Bitcoin.
yes, i know they should have read the fine print and that they weren’t really holding Bitcoin, but good luck explaining that to people on the short end of this.
i think social pressure would force ETF issuers to honor the Bitcoin value of their shares in the case of a US dollar collapse.
I think we're actually almost saying the same thing. In the event of a dollar collapse, the value of the ETFs would skyrocket to $billions/trillions per share. I think the holders would be paid out billions of dollars on redemption.
It's just that the dollars won't be able to buy almost anything.
To me it just underlines the need to self-custody enough of your Bitcoin for when that happens. You could hold some ETF in the interim to make $ gains and do well, tax free while the system keeps going.
Currency collapses are truly devastating to 99% of the population, I hope we get a lot more people to own hard assets before something like that happens.
reply
i hear you, i just think that in the situation where shares are worth billions of dollars, ETF issuers would have already decided to re-price the fund in Bitcoin.
this wouldn’t be confined to ETF issuers either, the whole world will be forced to denominate things in some other currency (hopefully BTC).