Replying to Avatar bitcoinaz

Taking a seat in the back of the room and trying new shoes, looking at the improbable US spot ETF:

-drives attention away from self custody

-gives more power to bankers over bitcoin narratives and price

-doesn't really change much in demand, there are bitcoin ETFs and products all-over the world, including futures ETFs in US

-increases US regulatory pressure on #bitcoin businesses

-gives "crypto" scammers ammo for promoting their shit

-incentives bankers and state to push for a "clean complying bitcoin" fork, with pos and adjustable inflation (lol)

-"if we have Bitcoin ETF we should also have ETH, Cordanoh and HEX ETFs"- future VanEck press release

What else?
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bitcoiner7 nym 2y ago

And it's not impossible that it is priced in

We simply don't know

I'm careful not to be overly optimistic

I don't count in getting rich overnight just because they approve the ETF

After all, indeed, there have been ways for investors to invest in Bitcoin, or at least get a price exposure, already

We will see

Of course I hope for the best, but I don't count on it

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