Wall Street Bitcoin ETFs might pump the price in the short run, but I think long term they are unhealthy for the BTC ecosystem. They’ll inevitably rug investors one way or another, maybe an ESG/censored proof of stake fork, dox investors, or paper Bitcoin that’s traded behind the scenes like Genesis/BlockFI/3AC/etc.

Don’t support them just because you think you’ll make a little money in the short run. Lengthen your investment horizon. #bitcoin #plebchain