It's very concerning. I had a conversation with a relative who has some Bitcoin in a custodial wallet (blockchain.com) and that they were planning to sell it and buy the ETF. Of course I laid out the NYKNYC thesis and urged them to move it to cold storage...but I was not getting through to them. Because the fiat mindset is so very deeply entrenched. If this is happening with one of my relatives who I only partially orange-pilled in the first place, it's likely that, outside of Grayscale liquidations, a big chunk of this acceleration stems from plebs who just want easy over sovereignty. And Blackrock is right there ready to tokenize their small piece of the hardest money ever created...pathetic.
To be fair, I'd rather have the ETF than hold my Bitcoin on blockchain.com 😅
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Not going to disagree with you on this one...
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