this headline says it all...sadly. https://www.usatoday.com/story/money/2024/01/11/sec-approves-bitcoin-etfs/72187298007/
Discussion
Howโs their trade going? ๐
Lmao the blood red B. Subliminal messaging at its finest.
Sadly it's missing the part about how soon soooo many people around the world that need Bitcoin in self custody most may lose their opportunity to afford a spendable UTXO
nice big bank psyop
Is this going to negatively affect us Bitcoiners Jack?
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"Investing in a bitcoin ETF will allow investors to reap potential profits from bitcoin without the attendant risks of owning bitcoin directly, Reuters said."
Yea, wouldn't want to risk keeping control of your assets ๐
it's a lot like trading war bonds. eventually the ground lease is up for everyone. public is public - and integrated public into free&fair_useโข๏ธ transforms misuse into respectful creation and amplification instead of bounty and theft. simple. in the mean time, 99 year lease just renewed and i hold title for 98 more years due to merge.
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everything is good for bitcoin

Cathie.... you have to Pump it Up ๐คฃ

Jamie Dimon (JP Morgan CEO) & Bitcoin:
Jan. 23, 2014: 'Bitcoin is a terrible store of value'
Nov. 5, 2015: 'Bitcoin will not survive'
Jan. 20, 2016: 'Bitcoin is going nowhere'
Sept. 12, 2017: 'Bitcoin is a fraud'
Oct. 12, 2017: 'I am not going to talk about Bitcoin anymore'
Jan. 9, 2018: 'I regret making that comment'
Oct. 30, 2018: 'I don't really give a shit about Bitcoin'
Sept. 21, 2022: 'I am a major skeptic on crypto tokens, which you call currency, like Bitcoin.'
Dec. 6, 2023: 'I have always been deeply opposed to crypto, Bitcoin, etc. - if I were the government I'd close it down.'
Dec. 29, 2023: 'BlackRock, Valkyrie name authorized participants including JP Morgan for Bitcoin ETF'
Wall Street and bitcoin a no-no. Good for publicity
ProRekting Everyday โMurica
Just need to make sure BlackRock doesn't get my bitcoin.
And since they are in cold storage I doubt they will ever ๐
It was always open to everyday investors ๐
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ima hodl some with Cathie tho she's kept it real the whole time
Patience
it really does
Jack bro, humor me and tell me why it is "sad", I'd love a well thought out and logical answer and what I have heard from many Maxis is tarded, if anyone is going to give me a good reason for this take, it will be you, so my ears are open and my mouth (audible and textual) is shut.
Would so love to hear you expand on this and what you personally see as the short and long term effects on the whole ecosystem. Including how it affects all the things you're supporting and working toward... as far as establishing a freer and more empowered world through protocols and digital property... and whatever else I am not all that attuned to yet.
Focus on your business spectrum and be poised without being distracted by externalities.
Sad? Which day you donโt feel sad?! ๐๐๐ซ
Worrying to say the least! I guess we live in a world of traders!
Everyday investors, who know nothing of what Bitcoin really is, and only in it to stack more fiat currency into their bank accounts. If they would just educate, they would buy and store the real deal.
Bitcoin has no board of directors where you can place your pawns. It represents the conversion of energy into a global asset. Whoever owns the key still possesses it, along with the opportunity to move their wealth wherever it is accepted in the world, and under the best conditions. ETFs merely provide a foundation for the wealth of sovereign individuals.
It will bring the liquidity required by wealthy and tech-savvy individuals to escape the fiscal trap.
The Volga will purchase the assets managed by banks that will manipulate the price, and on the other side, the God-Kings will continue to tax the harvest of the middle class as usual, selling them the dream of protection and social welfare, the counterpart of the Christian Paradise.
History just rhymes.
The Trojan Horse is inside the walls.
Jack we are onboarding the entire planet. Wether or not they understand it yet, at least they have some sort of exposure
Extinction is not only sad, it is also the most accelerated way to leave stuff for the best. The fastest and the most accurate will win, always. Donโt look at the direction, secure the code for both ends.
Unfortunate
If the end game is to have bitcoin the global currency, it matters not what it is worth in their ponzi money.
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