103 sats \ 4 replies \ @kepford 8 Mar \ on: Does the Bitcoin ETF strengthen Fiat? I think so here is why econ
The ETFs do not weaken bitcoin which is what you are saying. We still live in a fiat world. The ETFs are a capitulation in the fiat system. I know what you are saying but you're missing the big picture.
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0 sats \ 3 replies \ @piecover OP 8 Mar
I agree with that too, I never said it's not good for Bitcoin it benefits both
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3 sats \ 2 replies \ @kepford 8 Mar
Fair you didn't say that. But I disagree with you that it is good for the dollar. At best it is neutral.
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0 sats \ 0 replies \ @piecover OP 8 Mar
The ETF will not give you BTC when you want to redeem it but worthless usd
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0 sats \ 0 replies \ @piecover OP 8 Mar
In what currency is your ETF denominated? My point is not that it's saving the dollar from collapsing but it make it more relevant, just like tether makes the usd more relevant in a world stage. My 2 sats
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