What do you think guys will happen to crypto exchanges if the ETFs get approved? IMO, many will die from the redirected money flow to the ETFs. There are still tons of shitcoins out there to be traded somewhere but I assume people will try to dump them to stack as much sats as possible.
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5 sats \ 0 replies \ @SwearyDoctor 22 Dec 2023
nah. the degens will degen, the ETF won't magically convert them.
and then, the ETF will convert at least a small percentage to bitcoiners, once they learn the ropes. The way to self-custody for the average converted normie goes through CEXs. The rest is way further down the rabbit hole,
And this is fine. You have to pick people up where they are, there's no instant teleport from normie to 100. This is the path.
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0 sats \ 0 replies \ @notgeld 24 Dec 2023
https://open.substack.com/pub/cryptorevue/p/monopoly-on-crypto
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