Discussion
You keep giving me numbers and talking about money supply and market caps. What does that have to do with hyper bitcoinization? How does the government or blackrock taking custody of all this bitcoin help us reach hyperbitcoinization faster?
Using legal structures are efficient just like we don't build our own hardware wallets and computer OS.
The beauty with Bitcoin is that it is so easy to self-custody that a company/individual/entity in a country where they distrust the regime could make that decision for themselves.
Or in the USA, if no one likes the results of the election, the ETFs could be sold as self-custody could be bought. And that can happen overnight or in anticipation of any event.
It's a risk/benefit analysis and it's a different calculation for each entity, jurisdiction, time.
i'm sorry @MAHDOOD , i know i'm just repeating Saylor talking points that you've heard a million times, but it's better to get it out here than at home.
THanks for listening to someone honing their skills and sorry I'm trying to get better at understanding the ACTUAL question instead of the question that I want to answer.
Oh, so the idea is for Bitcoin to swallow the next biggest fish in the pond, it needs to grow a little and swallow all the fishes that are smaller than it.
ETFs might be like putting the fish on some growth hormone to make the process go just a little faster...
it may sound risky =) and legal structures are always subject disruption by to war.
My opinion is it's worth trying at least. (Sorry fishes)