good point - why not later or sooner but now?

Natalia

I always wondered why they didn't do an ETF sooner for this reason. It only helps the legacy system by enticing people not to hold actual Bitcoin.

jgbtc

bitcoin

Bitcoin vs. Bitcoin Spot ETFs: The Great Illusion Has Started. Beware.

ssaurel

>Even if these financial products are phenomenally successful, this will in no way mean that mass adoption has started for Bitcoin.

yep, the majority of people who brought into the ETFs are only getting paper Bitcoin and waiting to sell one day for fiat gains, which completely misses out on the whole point of Bitcoin.

>The mass adoption of these Bitcoin-based financial products will only be one more obstacle to the separation of Money and State.
Bitcoin aims to separate Money and the State.
Do not forget it.

I would say the ETFs thing are quite "smart", Bitcoin was meant to build its own ecosystem and separate from USD, but now they package Bitcoin as an investment, which is priced in USD, so at the end of the day, whoever prints the USD is still the ruler.

>Your interest in Bitcoin lies in taking power over the fruit of your labor and your life.

well said.




