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I see that, but it comes with risks that are easy to overlook. Not least of which is that I suspect a significant portion of people who "fly to safety" on an exchange will not soon come back to self custody. And I wonder how many people will see such advice and think: if it's good enough for an emergency, maybe it's good enough for all the time.

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And also we will get a lot of this:

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The ETFs win.

(And also the government)

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Of course I agree with you but I also don’t think they’re wrong about what most people will be comfortable with.

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