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James Burrell II 2y ago

Another thought on the #Bitcoin ETF is that it favors people who trade BTC via the ETF than those who own the spot since you don't have the same tax and other regulatory requirements that are arguably burdensome to the plebs. Looks like people are selling the news too. Can't wait for the Direxion 3X Bitcoin ETFs. 🤣

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Beiner 2y ago

Retail investors don't know how to use stocks. Only rich people do. Do you think rich people are gonna be trading the ETF. They gonna put their Wealth in there. Wait for it to go up and then they're gonna take out loans on that money. And not pay taxes.