Bitcoin is so unique and that’s why I ask. Stock ETF’s are simple. Shares are there & readily available. Not so much with BTC.
Discussion
An open ledger is hard to audit? Wtf?
No, that’s not what I mean. True scarcity has never existed. I guarantee they won’t require 100% reserves (1:1). Auditing is easy, yes. Access to a truly scarce commodity isn’t. Gold isn’t scarce. BTC is.
I don’t deal in guarantees.
I’m basing my statements on the facts as they are right now.
I believe Fidelity will hold btc 1:1. Why would anyone buy a spot that doesn’t?
And once again the spots that already exist around the world, only exist because they are required to hold 1:1.
Facts & then the term “I believe” are in conflict with one another 🧐
I need to read the filings more closely. The big push for cash out makes me believe there’s games afoot.
Unlike you, I didn’t guarantee anything.
The facts are in relation to the spots which are currently offered and the application that fidelity put forward.
My belief is pure conjecture, and a guess. I don’t know shit about dick.
I don’t know dick about shit so there’s that. 🤝
😂
Two dudes who don’t know shit about dick, probably got some of it right!
All in the percentages. Just keep slinging it & something will stick.
Doesn’t matter anyway, I’m not a buyer of these there ETF’s.
You may be once you can put it in a tax free education account, or a tax free savings account. Not sure what those are called in the US?
And no I won’t take legal advice from you and have a boating accident, or hacking episode 😂😂
I like to spread my risk, like a wet fart in a grocery store.