50 sats \ 4 replies \ @Satosora 20h \ parent \ on: BTC Investing: 1 million Sats or Fold(FLD) Stock? An analysis Stacker_Stocks
I also worry that these 401k companies wont do well once people start to withdraw. What if the etfs dont manage their money well. Even worse....what if they are doing the paper bitcoin scam?
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40 sats \ 3 replies \ @Undisciplined 19h
They're just brokers. They'll be making money as people withdraw. They don't have to manage money (fiat) for the ETF, beyond the transactions to buy and sell the bitcoin. Unless they're committing immense and blatant financial fraud (possible), the declared amount of bitcoin is held by a custodian and the number of shares is public knowledge.
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45 sats \ 2 replies \ @Satosora 19h
Largers companies have fallen to greed. Didnt one company take on too much bad debt and crash the economy?
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40 sats \ 1 reply \ @Undisciplined 19h
No, the federal government's response to one company taking on too much debt may have crashed the economy, though.
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20 sats \ 0 replies \ @Satosora 19h
Didnt one company do that though? Then they tried to unload it and crashed the economy?
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