Replying to Avatar Tony | thebitcoinway.com ⚡️

🚨 The ONLY people benefiting from NGU due to ETF buying are those holding #Bitcoin in self-custody. Everyone else is just holding hot air, which is why ETFs are called Bitcoin for Dummies 😂
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Moon 1y ago

ETF people actually believe that the law prevent ETFs from rehypothicating #bitcoin.

I’ve had actually someone say to me “They wouldnt do that because that would be fraud and Blackrock and JP Morgan aren’t going to commit fraud!”

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BitcoinStu 1y ago

If they do this, all profit taking people do when bitcoin blasts to 250k USD is a massive loss for blackrock. Why would their risk their business for this?

Rehypothecating the most bullish asset in history? I would not argue they are honest, but I would argue they are not stupid.