I don't think so. Why? Because Bitcoin can be verified as an asset (when is last time Gold was audited>?). If you have a fixed, verifiable supply people will eventually gravitate to a cold wallet once the fiat system burns them (think FTX).
Discussion
wallst #pimps will always say ETFs are good no time to explain to you - since u get FAT FIAT commission from wallst
Bitcoin can SEIZED from CUSTODIAN by LAW when time is ripe - sure ur wallst master NOT told u that
anyone who loves FIAT n are FIAT camp like TLSA ticker in their profile not real bitcoiners
I will be 62 this year. I do own TSLA. But my Bitcoin has far exceeded all my other investments. This provides flexibility.
I don't know if I'm a 'real bitcoiner' or not - but I believe in it, especially for younger people. If I were 20 I would not own any stocks right now. No Gold, Silver, or even a house. I would literally go all in on Bitcoin.
But however small the risk of Bitcoin not winning (nothing is 100%) the older you get the more conservative you have to be!
There is a lot of capital sitting in my age group and older. They will slowly allocate 1%, then 2%, then 10%. And as it grows they too will move their wealth to a more dependable asset like Bitcoin.
nasdaq=etf=slavery
Once again, from an old guy perspective! lol
The ETF will be a gateway, I hope, for the 50+ crowd that have fallen for the 401k nightmare (401k is slavery yet I believed in it my entire working life). Now I'm getting out as fast as I can without massive taxes.
The LAST THING I want is Bitcoin in a IRA that goes WAY UP and I have to pay payroll taxes!
Of course if you bought Roth IRA or equivalent non-tax when withdraw 401k you 'may' be in better shape as long as Government does not change the rules on you (remember, Social Security use to not be taxed!).
Best to be OUTSIDE the system - Bitcoin in cold storage.
But yes - ETF = slavery. Just adding some context from old guys!
translates to supporting when GFC2.0
handing over custody
old blood = COMPLY
some new blood HODL = onchain
can u send 100 ETFs to sovereign engg or openstats? answer this Q YES or NO that is what ETF = FIATIZATION final goal is.