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At least this is required to be full reserve, but I don’t see how their rebalancing can actually keep up with bitcoin supply squeezes when it rips

And how will those ETFs absorb theft and loss (inevitable)

ETFs failing is the second to last boss, then it’s countries failing, then hyperbitcoinization

captjack 🏴‍☠️✨💜 2y ago

it is very complex n multiple factors plays into derivative dynamics - as pleb small HODLer we our part not participate create awareness - keep stacking self-custody and SPEND for good cuases

they controls FIAT world hence FIAT can indirectly control mainnet coin price - good news OLD HODL whales knows this never sell to their fiat casino

they can make BTC 5K or 50K in day dnot matter much - futures exchanges will separate from real value - they wont break - settlement of ETF ETN GBTC dnot have NO OBLIGATION to send real bitcoin

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Discussion

mrclownworld 2y ago

From what I understand the ETFs are obligated to back fully with spot BTC… will be interesting to see how well they can match their derivative to spot when the price runs away

captjack 🏴‍☠️✨💜 2y ago

OBLIGATION can relinquished under many CLAUSES - nationalsecurity emergency force majure etc.

Richards_Barb 2y ago

Anyone getting in at the ETF-level, is already too late, anyway lol 🤦‍♀️

captjack 🏴‍☠️✨💜 2y ago

rich fiat high roller blackcock casino - ask ur broker

Richards_Barb 2y ago

Yeah, they will not displace the BTC, early adapters.

captjack 🏴‍☠️✨💜 2y ago

they INSITUTIONS are NOT ADOPTERS

they dnot use wallet or create BITCOIN

you r WRONG unless u r urself FUND manager

Richards_Barb 2y ago

The early adopters are us, not the institutions. I am on your side.

captjack 🏴‍☠️✨💜 2y ago

correct - nice - they r trying hijack the brand name #bitcoin using etf n contracts all in fiat

Richards_Barb 2y ago

Yep. What I should have said is that these fiat n00bs are too late, if they're getting in, at the ETF. This goes for any kind of investment, including BTC.

captjack 🏴‍☠️✨💜 2y ago

here is ur TASTE of OBLIGATION from history and also 1971 Nixon shock

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