Do you think spot Bitcoin ETFs are a problem for Bitcoin or anyone interested in investing in Bitcoin?
I believe it goes against decentralization, one of Bitcoins ethos
Doesn't mean I don't understand why people go into Bitcoin ETFs
What I'm trying to say is owning an ETF doesn't mean you own Bitcoin. It's more like a stock.
No more of a gamble than people buying Ai stocks and know nothing about it...
Relative. It has a lower risk than people chasing shitcoins or on AI stocks without prior knowledge
But because it's trending.
Tbs I'm not against ETFs they are atleast better than CEX, but it's what it could lead to
Many not understanding what it means to have self custody with your finance
Take for example, the government push Bitcoin as Gold, a store of value
Neglecting it being decentralized (Can't blame them, it's effective).