Replying to Avatar Short Fiat

The key thing about any Bitcoin ETF that is approved is the question of ‘will they allow us to see the on chain Bitcoin’.

If they don’t show us the Bitcoin addresses, then we have to ask ‘Are they full reserve?’
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Beiner 2y ago

That shit is gonna be like gold.. they gonna start selling bitcoin they dont have and say its ok just like gokd

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Short Fiat 2y ago

If that is the case then they will be trying to keep the price down just like gold.

The interesting thing is that Bitcoin is a finite asset. When all Bitcoin on exchange gets withdrawn, there will be none available for the ETFs to buy.