This is a good one. Gotta love this:
The Cave is the Fiat Banking System Inside the monetary cave, what passes for “reality” are just projections.
Good analogy to bitcoin v ETFs:
That what we think is The Real World actually isn’t, it’s just a flattened projection of reality.
The article explains why bitcoin ETFs are not bitcoin, and highlights that counterparty risk will still exist with the ETFs (of course)
TLDR: ETFs are not bitcoin.