Replying to Avatar hodlonaut

Total ETF BTC holdings approaching 1M coins.

That’s a lot of people thinking they own bitcoin.
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Jake Woodhouse 1y ago

On the one hand: I don't think any news is bad news for Bitcoin, so a whole new cohort of people are now involved, which is great

On the other: If I was a government, calling 10 ETF managers and telling them the Bitcoin they hold on behalf of their customers is impounded, with cash equivalent to be paid out, could be the greatest rug pull of all time

nostr:note19y4aue7dqwuwtsj29xkld74pu38jlsywa3v2geuh6dkcxep5q0psdq30fz

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90be23a4... 1y ago

that would prove it had some real value if they wanted it that bad

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Jake Woodhouse 1y ago

Of course it would, and the price would 10x, but the Gov would also still have 1 mil coins to work with

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90be23a4... 1y ago

its gunna happen some point, when seems like last resort

like cancelling russias reserves