Expectation: The ETFs will send #Bitcoin to the moon.
Reality: Wall Street's 'financial products' turning digital gold into IOUs - just like they did with gold...
Self-custody your Bitcoin. Avoid the paper games.
#Hyperbitcoinization #Paperbitcoinization
First off, self custody 100%. ETF's are IOU's and paper Bitcoin is a recepy for scams.
But I do believe the ETF's are a good thing for a certain group of people. Also because Bitcoin is fully auditable in the future we might see a proof of reserve system solidifying their credibility.
🤝
