Yeah I don’t love it tbh

Even Gensler said “this is not what satoshi had in mind”

Impossible to know wtf is going on

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We can definitely still fuck this up.

That’s the scary thing to me

Fractional = death.

Maybe not for BTC but definitely for the institution playing fractional games. Then the rugging, then the bailouts, then …………

I can’t figure out if Gensler is the good guy here. He may be or at least was trying to be.

If Blackrock believed in BTC so much they could have just done what MicroStrategy has done. MassMutual did. Tesla did too. And other companies.

No he's not a "good guy".

He expressly prohibited the ETFs from being redeemed in Bitcoin... He knows there could be a run on the banks who sell the ETFs and he is preventing plebs from exiting the existing system....

🤔🧐✅