Because why would you want to swap out of bitcoin? It is pristine permanent capital. There is no reason to trade it.
Discussion
For liquidity in a bullshit casino where you hope to 10x and then swap back into even more Bitcoin?
I'm not saying I recommend it, but it's not a foregone conclusion that it's the root of all evil.
You might equally say to Saylor: "why bother with all this equity and dollar shit, just buy Bitcoin with what's in your pockets". This isn't to say that Saylor is the ideal model, but maybe you see my point.
Because you have to trust ethereum and that is never a good idea. There is nothing good about wrapped Bitcoin and you trying to justify it looks like saylor fanboy cope
I don't even disagree with the sentiment of the first half of your comment. I'm just trying to see the silver lining of "it could have been worse. there could have been no wBTC on the list". but i completely admit and lament that it could have been WAY better.
Saylor is useful for now and I can appreciate that. When he starts to become anti-useful (which I think will happen when too many normies start paying attention to him), I'll re-evaluate. This tweet of his isn't helping..