What do ya’ll think?

Bitcoin treasury firms aggressively hoard spot BTC as collateral.

Then they issue “paper Bitcoin” (ETFs, shares, custody services) to onboard the masses with “easy” access while keeping the real keys and underlying Bitcoin for themselves.

All while pushing propaganda and psyops to scare folks off self-custody (“too risky!”).

Just like banks did historically with gold and gold certificates.

Result: The financial industrial complex maintains fiat dominance and capital allocation control.

Plebs stay trapped in the fiat Ponzi scheme with claims and paper Bitcoin. No keys and no true self-custody.

Is this the current play? Is this the “if you can’t beat ’em, join ’em” phase? Are they co-opting Bitcoin from within?

#Bitcoin #BTC #NotYourKeys #FiatPonzi #HODL #SelfCustody