27 sats \ 1 reply \ @HardMoney 26 Mar \ parent \ on: Is custodial bitcoin really worth anything? bitcoin
Better than shitcoin casinos because Coinbase basically incentivizes anyone new to start trading shitcoins.
If Coinbase is the first interaction a new coiner has they will likely “diversify” into shitcoins at some point.
If an etf is the first interaction a new coiner will start with it as 1-5% of their portfolio, see it grow as a % overtime. And may decide to learn more about bitcoin via podcasts or books.
ETF investors won’t rotate into shitcoins as easily as a first time Coinbase user
Fair point. I hadn't considered that.
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