If you’re going to think about the next Bitcoin cycle, one of the most important series of questions to consider is: where will the rehypothecation come from, how much of it will there be, and how will it blow up?
Ex: Mt Gox, ICOs, FTX
Discussion
This is a great point.
Perhaps the ETFs are wolves in sheep’s clothing.
Sure they will be ‘backed’ by spot bitcoin, just like gold etfs are backed by physical gold
Most likely yes. I have a few posts about how any “surveillance agreement” will invariably be gamed.
