Every Exchange/ETF/Bitcoin treasury company that doesn't provide proof of reserves is an attack on Bitcoin.

Bitcoiners have to take their coins off exchanges, and stop investing in ETFs or Bitcoin treasury companies that don't provide proof of reserves (which is the vast majority).

Otherwise our fate is the same as the paper gold/silver crowd who have coincidentally been let out of the gulags as more and more countries demand physical deliveries of the metals.

I'll be posting more about this as I think people focus on how Bitcoin treasury companies are trying to get you to buy 1 Bitcoin for the price of 2 Bitcoins, whereas the much greater threat is paper Bitcoinization and prolonged price suppression.