From The Economist. It hasn’t even been a month. 😆
Discussion
What’s funny is their headline is completely and factually not true, it was an historic and huge success per inflow and AUM data 🤦🏼♂️
Not a single word about the halving in less than 3 months.
But bitcoin went down since the ETF, so bitcoin was basically a fad and it’s over now😅
They’re all just a bunch of fiat maximalists.
People I know who dove head first into the ETF and becoming Coinbase wholecoiners at $46k (after ignoring me for years, since it was 3-4 figures, are now wondering why they did it.
I imagine we crab walk all year, until they sell from frustration, then they can watch the 🚀🚀🚀 from the sidelines. 😇
Classic mid twit. Price down = fail.
Ignoring new monthly active users (etf holders will dca), growth of realized of TAM (digital gold bitcoin sub unit), GBTC etc. 🤡
Ignoring hash rate, bitcoin etfs doing more volume im 3 weeks than all new 2023 etfs all year. 🐻
Like in business, price or revenues are lagging indicators. 🌽
We should be flattered. The same weak arguments they use to attack successful companies, entrepreneurs, movements are coming at bitcoin. We are in terrific company. 🫶
LOL, by trade volume they are the most successful ETF launch ever.
Lol such clowns. Historic ETF launch by several metrics...
Fiat thinking and measurement. What does anyone expect when traditional finance takes an open source idea and corrupts it?
And theyre trying to compare it to the first 7 years of a gold etf and appreciation of 380%. Maybe premature for this headline... 