Even for normies, the fact that a big company like blackrock has enough faith in Bitcoin to invest billions into the ETFs should be a wake up call for how valuable it really is.
Discussion
Etfs are not crypto . Wouldnt it be better if they invested in a coin ?
Yes, it's best to invest in Bitcoin itself (also not crypto technically) but I'm just saying that the fact that blackrock owns so much should show people that it's not just a "fad"
#bitcoin is mainstream now because of these ETFs and low fiat interest rates
Yeah, it does help adoption I suppose, but self custody is the way to go.
you understand that blackrock only holds it on behalf of the ETF holders, right? ie - if bitcoin dumps, they don't lose
don't mistaken their business sense for the faith in bitcoin
and they actually do hold bitcoin, albeit in custody, at coinbase