ETF buyers: You bought the idea, not the asset

You now have exposure to bitcoin…

But you don’t actually own any!

You bought the idea of the asset wrapped in paperwork, managed by institutions, and settled somewhere else on your behalf

Let’s be clear:

There’s a massive difference between holding bitcoin and holding a promise that someone else is holding it for you.

You can’t move it, you can’t spend it, you can’t self-custody it and you can’t take it across borders, store it on a hardware wallet, or use it in a peer-to-peer transaction.

The very reason Bitcoin exists is to remove middlemen, to eliminate counterparty risk and to let you be in control of your value!

Bitcoin is about sovereignty

ETFs are about convenience

This isn’t to dunk on ETF buyers, exposure is a step forward and it gets Bitcoin into portfolios that couldn’t access it before.

But let’s not confuse that with ownership!

You can’t withdraw your ETF to cold storage, you can’t send it to a friend in another country and you can’t escape a banking freeze with it!

You’re still playing inside the same old game with a new ticker symbol.

Owning bitcoin means holding your money, on your terms!

Study bitcoin.

Not your keys, not your coins!