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I woke up this morning feeling this immense sense of urgency that we need to onboard another 10 million people globally to self-custodied #Bitcoin by January 3, 2024. A combination of new Bitcoiners and Bitcoiners getting their #BTC off exchanges.

Are forthcoming spot #Bitcoin ETFs in the U.S. positive or negative in the long run? I dunno. BUT, I don’t want for us to risk the transformational potential of Bitcoin globally. So, let’s front run the hell out of large institutions b/n now and Bitcoin’s 15th birthday (Jan 3). LFG!

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Discussion

Dug 2y ago

🤙

JG 2y ago

I have mixed feelings about BTC ETFs in general - sure they're going to likely make NGU, but at the same time I worry that it just becomes a hoarded asset, and that hinders it's long term path to monetization. On the other hand, maybe it's this hoarding that turns it into the reserve in the same way gold was.