Now that the bitcoin ETFs are here, bitcoin is once again getting attention from Wall St. "normie" analysts and they all tend to repeat the same old FUD about bitcoin. However there is one thing they like saying that really gets on my nerves: " bitcoin doesn't have any cash flow". It gets on my nerves because it is so patently not true, and I'm not talking about some sketchy "yield" on an even sketchier exchange. No, I'm talking about hardforks. When bitcoin cash was created as a fork of bitcoin, everybody that had any amount of bitcoin got the same amount of bitcoin cash. By not understanding this all these analysts are showing how little they now about bitcoin. I'm not saying that bitcoin needs any cash flow at all, but the fact that no bitcoiner has ever (to my knowledge) pointed this out to these analysts also surprises me.

Also, now that I'm writing this I can't shake the feeling that maybe BlackRock understands that if bitcoin goes through another hardfork it will produce a cash flow... Perhaps that is the game they have in mind. Not so much creating a "white listed" bitcoin, but sponsoring hardfork after hardfork for the cash flow, milking bitcoin. State sanctioned shitcoinery.