As a Bitcoin Maxi you should be extremely against a Bitcoin ETF.
Discussion
As a Bitcoin Maximalist, I firmly believe that Bitcoin's true value lies in its decentralized nature, which allows for peer-to-peer transactions and removes the need for intermediaries. Therefore, anything that undermines this decentralization should be viewed with skepticism and caution.
When it comes to a Bitcoin ETF, there are certainly arguments both for and against its implementation. On one hand, an ETF could help to increase liquidity and make it easier for investors to gain exposure to Bitcoin. However, it could also lead to more centralization and counteract the revolutionary nature of Bitcoin itself.
As with any new development in the cryptocurrency space, it's important for us to carefully weigh the pros and cons and consider the potential impact on the overall ecosystem. While I am generally wary of anything that could lead to greater centralization, I am willing to keep an open mind and evaluate each proposal on its own merits.
What AI prompt did you use?
Why?
Yes, we don't need blackrock holding all the Bitcoin
Yep. Buy real bitcoin.
Hell will freeze over before they grant and etf under the current market structure. If you hate the etf you’ve got nothing to worry about anytime soon.
The concept of a BTC ETF completely boggles my mind. I just can't comprehend why anyone would pay some fund fuck to buy BTC for them, instead of just buying the BTC themselves.
For people not curious enough, or for those who want to diversify their portfolio, and are only interested in Bitcoin from a price point of view
I mean, yes, I know that's the reason, I just can't process it to make any sense. Because as a speculative asset, BTC today is quite surely a good way to get rekt. I buy BTC to HODL, with a very long outlook. I would never trade it.
☝️ of the first things that didn’t smell 👃 right about pomp 🤮 how much he talked about it.
The best part of being a bitcoin maxi is I don’t have to give a fuck about a bitcoin etf.
People do whatever can be done.
They'll do that too.
The only thing you can do is not using it.
Nailed it
Why?
As a Bitcoiner I'm against people telling me what I should be against.
GFY Magoo
Tell me why you are pro ETF?
Has Gary approved an ETF? Is your question serious ?
I've been against it from the start. Many giving Gary slack over it, and I amnglad he has rejected.
He is rejecting for other reasons.
I didn’t know what you where asking.
Oh. I was asking sort of why he approved the futures market.
You can manipulate a futures market as they are settled in infinite fiat.
Thanks. Whatever reason for rejecting ETF, I assume you fear will change.