Replying to Avatar burns

Daily reminder that bitcoin ETF shares are fiat.

If you don’t have sats, it’s not #bitcoin
7c
nobody 2y ago

Tough one. I like that I can invest in the custodial IOU rather than be forced to buy some company IMO in my self directed account... know what I mean?

It's not self custody. It's an IOU. But so are stocks! Haha. So I'd rather have an IOU for BTC when there are incentives to go the fiat route of investing in stocks, bonds, etc.

Reply to this note

Please Login to reply.

Discussion

Avatar
burns 2y ago

If you have a 401k, then an ETF is a good option. I used to have a self directed 401k and held MSTR.

However, it’s still not bitcoin.

This note was for the everyday person who may not know enough to know the difference between bitcoin and an ETF.