Replying to Avatar Jason Ansley | Fractional COO | Leadership Coach

I agree with all of this.

Yet only if we value 1 #bitcoin as 1 #BTC

So what I’m noticing with the uprising of the BTC ETFs and ETCs is a few corporate companies, banks really disguised as investment funds, are acquiring the bitcoin which since they currently own the majority of the BTC, they have the ability to manipulate price value in fiat.

Therefore because the majority of people still think of Bitcoin as a store of value and not a currency to be spent (transact with) it is essentially being monopolized, centralized, and surveilled.

At least that 👆is what’s being attempted…

Your thoughts? Im curious what you are observing and if it’s similar?

PS I don’t do ETFs, I self custody only.
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Aurel â‚żeckett 1y ago

The only financial instruments that could manipulate the price, are "paper Bitcoins", products like Bitcoin zertificates, derivates, ETC's or options. But the Bitcoin demand will always be higher as the availability couse the supply is fixed, i don't see a real danger for Bitcoin.

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Jason Ansley | Fractional COO | Leadership Coach 1y ago

Totally.

Long term no issue.

Short term, fiat value price fluctuation is driven by the paper substitutes of Bitcoin as you say.

At some stage, the tipping point will be reached and the paper bitcoiners won’t be able to manipulate even the fiat value of BTC and certainly not the value of Bitcoin itself over time.

#Softwar is real!

(Have you read the Softwar book by Major Jason Lowery?)

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Aurel â‚żeckett 1y ago

No i didn't, but i know it and i will read/hear it, now i hear Tower or Basel - Adam LeBor.