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Blackrock is a glimpse into the future. Paper BTC for anyone and everyone. How much paper BTC is already out there? Lots and lots. By example: Sofi sells BTC; well they sell the price of BTC. People don’t own anything but a price. The bank doesn’t own any BTC either most likely. Just list Bitcoin as something you can buy. I don’t know how this all ends. Fear is BTC goes the way of gold which is easily manipulated via paper.

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zeph 2y ago

FTX was def a smoking gun that all these things we talk about are real, that poor incentives around custodians create problems and opportunists take advantage.

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