So many supposed bitcoiners advocating for #TARDFI such these BTC ETFs and other companies who are marketing themselves as Bitcoin Treasury companies! It's not only super disappointing but at times completely overwhelming! You look at X and you see how pervasive the attempts to frame the narrative that #tradfi = #bitcoin... Especially MSTR, the ETFs and now these bitcoin treasury companies. What a bunch of 💩! It blows my mind because only a few out of the hundreds of these companies even publicly post their L1 #bitcoin addresses like Bitwise, Metaplanet and maybe a few others!
And not to mention that while posting their L1 addresses is certainly better than not, this still in no way makes shares in these companies #bitcoin whatsoever. There's no way to confirm the amount of shares independently, no way (that I'm aware of) to take custody of the actual shares in these firms, and no way as an individual to redeem these shares for the supposed BTC they claim to hold, and these firms are storing their #bitcoin with the same #tradfi sponsored centralized exchanges who have an obligation to do their best to subvert btc to the dollar by using all the historically effective tactics available to them such as commingling and rehypothecating them. Not only all that, but then there's the whole counterparty risk aspect too!
To me Bitcoin is and always has been a revolution to surmount fiat and #tradfi, not to compliment it! And while I know I'm likely preaching to the choir here, but self custody #Bitcoin is the only option for people that are not only seeking their freedom, but the freedom of all from the fiat currency printers who have captured and now control all of our governments.
Ultimately there's self custody #bitcoin, and everything else is a form of fiat. Fortunately we can collectively change everything as long as enough understand how and why to DCA #bitcoin into self custody regardless of the fiat price. Chose wisely, chose freedom, choose self custody #btc and chose to be free!