Discuss.
pull down to refresh
10 sats \ 1 reply \ @bitcoin_rationalist 3 Jul 2023
And it’s going up forever Laura
reply
0 sats \ 0 replies \ @legxxi OP 3 Jul 2023
😆
Saylor, the meme machine.
reply
5 sats \ 4 replies \ @nerd2ninja 3 Jul 2023
How do you withdraw Bitcoin from MicroStrategy shares?
reply
0 sats \ 3 replies \ @legxxi OP 3 Jul 2023
Do you think you'll be able to withdraw Bitcoin from BlackRock's ETF?
reply
0 sats \ 2 replies \ @nerd2ninja 3 Jul 2023
Not necessarily, which makes it complete trash. That buying something without delivery is a thing is trash straight out, but there is precedence for it:
If you buy gold ETFs, you can get physical delivery of gold
reply
50 sats \ 1 reply \ @legxxi OP 3 Jul 2023
I'm guessing that delivery of gold is subject to availability or some other funky story though. And also that those fund managers know not everyone will be retrieving their gold at the same time, so they run something akin fractional reserve banking but with the asset?
Anything paper is not possession.
reply
21 sats \ 0 replies \ @nerd2ninja 3 Jul 2023
True. So, its trash either way.
reply
0 sats \ 0 replies \ @GhostofTruth 3 Jul 2023
Well...not really. But it's a top BTC-play if You think about their business strategy shift towards lightning. It's a BTC-investment with a cash-flow generating black box
reply