Nobody knows. The deeper I dig the more confusing it is.
Settlement days, actual BTC buying, fractional percentages, GBTC milkshakes, spot vs futures play, etc.
Discussion
Reminds me of the bitcoin saving accounts in 2021. All the podcasts were talking about it. But it never made any sense. Because the yield never existed.
I wonder how and how many will get rekt this time
🎯🎯🫡Blockfi, Celsius, Voyager, FTX to name a few.
Free yield.
They ALL went the route of fractional BTC & this seems to be where the ETF’s will head as well. IMO.
Fractional = eventual death.
I totally agree. They’ll have to break the 1:1 reserve to make it more profitable.
Play fiat games win fiat prizes