True but I think more capital flow into the system has its pros too. I wouldn't buy BTC IOUs but IOUs can drive the price up through mass adoption. It's kinda like a double-edged sword.
Discussion
I'll just be mumbling to myself about learning to self custody hoping people become less concerned about number go up than making sure they have the actual thing that is going up in relation to the failing systems.
Price means nothing for mass adoption if the mass gets rugged because they chose to hold all their Bitcoin "exposure" in a "trusted" third party. And it seems that is a drum that needs constant beating.
Though I'm not disagreeing with you're assessment.
You're your...
Yer 😅
I see the benefit of an ETF. I have money in a 401K retirement plan that I can’t painlessly (without insane tax penalties ) access until I am retirement age. However, I will be able to invest those dollars tax free in a Bitcoin ETF that will increase the value of the BTC I would have held in self-custody if it weren’t for that tragic boating accident.
That's a fair point. There's no point of Bitcoin adoption if ppl never care about self-custody. Geopolitical or economic issues will eventually separate the wheat from the chaff if ever occurs. Price will just be the metric of how well Bitcoin is hedging againt hyperinflation worldwide.
It's also completely fine to be excited and bullish, wasn't trying to shut you down 😅🫂