Fair point. On a note I previously posted, I asked what people thought of the nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak discussion where Saylor made comments on Bitcoin and yield. What do you make of that?
Discussion
nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m openly believes the dollar will not go away, and he openly declared he does not want to get into contention with the US Government's currency. That's why he brands #Bitcoin as property.
I think he makes a reasonable point with the "too big to fail" and "risk free return" concepts. Bitcoiners don't want to wrap their head around Bitcoin being used in TradFi, but there will be an enormous amount of financial products developed around Bitcoin.
Given how the world works, and how it will likely go in the next 20 years, I think he's generally correct.
My greater concern is if US financial companies gain access to a massive amount of Bitcoin channeled through their financial instruments, and something goes wrong, it's the perfect excuse for the US to enforce a hard fork which would kill self-custody and alter the dynamics of the Bitcoin network, i.e. once the glass is shattered, it will never be the same again.