177 sats \ 1 reply \ @ssaurel 6 Jun \ on: How much bitcoin owned by ETFs is too much? bitcoin
The real problem is that even when it's too much, there's nothing we can do about it.
Even more worrying is that, for these financial giants, Bitcoin as a medium of exchange is a distraction. They are reinforced in this by Michael J. Saylor, who has also been promoting the same idea for some time.
However, if Bitcoin is not adopted as a medium of exchange, the Bitcoin revolution will not be able to express its full potential.
All the Bitcoin held by these financial giants will no longer be usable. These financial giants aim to integrate Bitcoin as a store of value only within the current system.
This is unfortunate when you realize that Bitcoin is first and foremost a superior monetary system. Bitcoin aims to replace the current system by offering you a superior alternative, not to be integrated as part of a flawed system.
I feel exactly the same way!
Bitcoin was supposed to disrupt the current centralized and obsolete monetary system. Instead they are incorporating it into their sick system.
I don't know how we will get out of it, certainly there is still room for a revolution, maybe a slow one, but I am beginning to wonder if this is how it was supposed to go?
reply