more important is:

confiscation has a higher probability than it recovering.

About as good as the US getting a bitcoin ETF. Not that hodlers want one anyway.

it means their best shot at seaming BTC into traditional American finance rails (centralized custody, KYC, fees collection, capability to freeze accounts, rehypothecation, custodians adding leverage and gambling with YOUR money, etc etc)…has failed

that failure would be very very good

#bitcoin #nostr

they should sell off all of their btc and go bankrupt. someone else will pick the btc up easily. it is only 1.75% of all btc. wallstreet is bad for bitcoin. corrupts it. already btc is traded like a tech stock