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121 sats \ 12 replies \ @kr OP 5 Mar 2024 \ parent \ on: Will MSTR Outperform or Underperform Against Bitcoin? bitcoin
do you also think all ETFs will be worthless?
The value of the currency that the ETFs are denominated in (and pay out in) will be worthless
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let’s assume the US dollar goes to zero and is no longer a currency one day.
do you believe the ETF holders will see all their Bitcoin ETF shares disappear?
i don’t.
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Not at all, but they won't be able to redeem anything of value with the ETF shares.
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why not?
if you can’t “redeem anything of value”, you’re essentially saying the ETFs will go to zero.
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Because they're a claim on dollars, not Bitcoin— you said "let's assume the US dollar goes to zero"
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Because they're a claim on dollars
Are they really though? I think ETF holders will be compensated in the event of a US dollar collapse.