Buying a security through a Wall Street broker, the money flows through the existing fiat Wall Street system, you don’t hold any bitcoin thus negating the peer to peer system bitcoin represents and straight into the system bitcoin was created to avoid. ETFs do not represent bitcoin adoption! They actually undermine bitcoin
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Asset mangers couldn’t care less what happens with bitcoin as long as they get to , “ charge a hoe a fee “.. easy risk free money,
This makes bitcoin just another dollar denominated asset 😭. White paper day will become another meaningless day as nobody seems to care about the actual contents of the document.
Are there even people who still care about the philosophies or it’s just vibes and content for reactions and life just goes on …
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