after few incidents with #banks freezing banks accounts because of sending money to #bitcoin exchanges, is a good idea to have at least 2 or 3 bank accounts setup to avoid the risks of being cut out of basic necessities.
i personally in the uk needed to change 8 banks for this reason.
what do you think? do you have more than one #bank #account ?
#AskNostr
do you agree with CryptoCapo? to some extent i do. the ETF is not good for #bitcoin
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Why I think the inflows into the BTC spot ETF are not as bullish as many think. Here's my opinion on them:
First of all, what is a BTC spot ETF? A Bitcoin spot ETF (Exchange-Traded Fund) is a type of investment fund that is traded on stock exchanges, similar to stocks. The primary characteristic of a Bitcoin spot ETF is that its underlying asset is Bitcoin itself, rather than derivatives or futures contracts of Bitcoin.
The fund managers are the ones who offer these products. Some of them are BlackRock, Grayscale, Fidelity, Bitwise...
Many people talk about BTC inflows being bullish. To what extent? On one hand, it's capital that was going to enter BTC, whether through the ETFs or from some exchange or OTC purchase. On the other hand, these inflows are capital entering the ETF, not necessarily an increase in the fund's reserves.
When there are ETF inflows, it means that investors are putting more money into the ETF, buying shares of the fund. This increase in capital can lead to the fund manager purchasing more of the underlying assets (BTC) to match the fund's investment strategy. But if those assets were already bought, then the inflows are not direct demand as such.
The main question here is… are the fund managers holding BTC for themselves? Or just for the fund?
The institutional money that wanted to enter BTC has already done so a long time ago. We don't know if it's institutions that are buying BTC through ETFs, or if it's retail investors attracted by this possibility. What we do know is that BlackRock, Fidelity... have not disclosed whether they hold BTC for themselves. Nor has there been talk of any major institution entering the market, beyond offering a product (the ETFs). Remember that the news were about the product, and they did marketing for that. Not for the asset itself and its characteristics (what Bitcoin and crypto really implies)
In the end, the fund managers act like an exchange, keeping the fees for the volume generated in their fund. If they thought it was a market moment where there could be a large volume, then it was the best time to launch the ETF. But it's important to remember that ETFs can also be shorted, and the managers don't care whether these fees are generated when the price goes up or down. So they essentially act as an amplifier of an asset's movements and its volume.
To summarize, ETFs have some advantages such as providing more visibility to the asset and offering more options for capital inflow into the market. However, on the flip side, they also have disadvantages, such as diverting demand towards a fund's share rather than being direct demand for Bitcoin, it can lead to speculation about whether it's really as bullish an event as we have been led to believe, and it makes the asset more centralized, moving it away from its main goal of decentralization.
Some food for thought.
#uk = #china = #SCUM = #EU
This is why i am investing into different passports
che schifo ohu... mah
Robert Kennedy:
It’s hard to comprehend the Orwellian, dystopian nightmare into which the western world is now plummeting. I have long said these “pharmaceutical companies” are more like transnational rogue governments. Imagine not being allowed to speak ill of a corporation even when they kill your family members!
#DigiYatra, which uses facial recognition to verify passengers, has so far been rolled out at 13 airports in India with a further 24 expected in 2024. The system, however, has also received warnings over two serious security breaches during February.
#TOTALITARIAN CONTROL INCOMING EVERYWHERE
I've been iterating on an open source self-custodial mobile Lightning app named “Monday” using LDK Node.
My development & design process so far: https://open.substack.com/pub/matthewramsden/p/iterating-on-a-lightning-wallet-for
what is it? a node for a IOS?
the #bitcoin #energy value
after eating #cannoli #cassate #pizza #pasta #calzoni #granita #arancini and many more....my trousers do not fit 😳😳😳😳😳
#bitcoin today has a larger market capitalisation than #Silver.
#silver, although is very undervalued at present....
₿ is now the 13th largest currency in the world. 
help me to go to work after 10 days in #sicily... 5kg more...here in a rainy #london 😳
buon giorno. vedi che le proteine le fanno con gli insetti.
fantastic feature on #revolut for my 2 children. i m managing their <18 cards and their pocket money.
i ❤️ it and they ❤️ it too
https://www.revolut.com/referral/?referral-code=vittor6kq!MAR1-24-VR-GB
peter schiff call for #btc 10k... i admit it would be a miracle!! i would buy 1 whole #btc
#bitcoin crosses 70k... balliamo balliamo... party 🥳 🎉 ✨️ 🤪 😎
