Bitcoin has no value as an ETF, if we keep going down this path without building the sovereign money use case, it will die
Login to reply
Replies (10)
Bingo! 👍🏻
“They” don’t want it as money, so they will continue every avenue to avoid it becoming so. They don’t want it because they cannot control it.
100%. The suits and feds are at the gate telling us how to silo into some "layer 3". Bitcoin might not win the way we think.
Why not both?
#word
💯
Good thing nobody can stop others from using bitcoin as money.
ETF isn’t going to kill it or help it in any real sense. It’s simply a wrapper that allows people who wouldn’t use Bitcoin anyway to own some in case more people actually use it over time.
In other words, it amounts to those videos posted all over twitter that have the TikTok logo at the end. It ain’t actually TikTok, but it helps people find out what it is and normalizes it.
I think it does hurt, because people can’t use it as money, and so you don’t get any payment demand, merchant demand and so on. But it can’t be stopped it’s just sad for me to reconcile that maybe bitcoin is doomed to just be some speculative thing, idk etfs suck
that is the plan.