I mean it’s cool I guess that fidelity and blackrock and whoever the hell else are implementing ways for people to “invest” in bitcoin, but

why

would

i

do

that

[when I can self custody and be infinitely more secure, literally]

I’m worried this isn’t legitimizing bitcoin as money, it’s legitimizing bitcoin as crypto. Idk, someone give me a more optimistic take.

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It’s a step we new big money players would take. Not because they are necessarily smart and are trying to legitimize Bitcoin as crypto, but rather because of the clown world they actually believe makes sense. They too will learn what the best money is and why it isn’t something that can be fractionally reserved for free.