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The #Bitcoin Self Custody vs ETF argument will appear like it's heating up.
If you listen to Doom & Gloom Boomers.
But it's already finished if you listen to the successful, happy, pro-West, non scared of everything Boomers with money.
ETF's won.
For now.
Why?
Because they're much more flexible as a financial asset.
You can manipulate the asset as a holder much more easier and with less risk if you hold #Bitcoin ETF vs Self Custody.
I know this will piss off #Bitcoin Maxi's.
But, deal with it.
In about 15-20 years when the majority of that Boomer Wealth transfers to Gen X.
We can discuss the idea of Self Custody.
But really, you're waiting for Gen Z.
The generation like me that saw the negatives of 2008.
Until then, ETF's have already won.
If you want to EVER do anything with #Bitcoin besides hug on your cold storage while you sleep at night.
The ETF's will be better.
Want to borrow against #Bitcoin? ETF.
Want to set up asset protection? ETF.
Want to ensure #Bitcoin is executed well in your Will? ETF.
Want to sell some #Bitcoin and not have any confusing tax headaches? ETF.
ETF. ETF. ETF.
The more I think about it, the more I believe that Self Custody #Bitcoin in G7 nations.
African Nations, LatAm nations will be different.
But G7 - #Bitcoin ETF's will have the upper hand.
Don't believe me?
Answer me this ONE question truthfully.
If you had a choice:
1. Loan against your #Bitcoin @ FED+ 6% (total: 12%) because it's in Self Custody.
2. Loan against you #Bitcoin @ FED+ 0.5% (total: 6%) because it's in an ETF.
What you taking?
If you pick Option 1, you're either lying or uneducated in manipulating financial assets.
Show me the incentives, and I'll show you the actions.
It's pretty simple.
Like I said earlier.
Deal with it.
Because pitching Self Custody for the next $100bn coming into #Bitcoin, will be like pissing against the wind.
Sorry.
Good morning.
There is a new debate developing on #Bitcoin price models.
Power Law vs S2F.
All because of a great video that managed to overlay the possibility and suggest the question that #Bitcoin is following a pattern found in all of humanity - god damn, that’s some great film-making, storytelling - and that THIS new model has the answer that found that pattern.
It has finally been discovered.
That’s the stuff of hours of long mental masturbation sessions.
No mental fap? No way. Power-law.
I’m a fan of models and price theories as much as everyone else and I love the idea of model based price predictions because it gives you a sense of illusion around being able to control your time in the market.
Everyone wants to be the one controlling the wild bull right?
But the one thing I’ve learned in my first 4 years of #Bitcoin.
Your model will be broken.
We’re about to see a crash between finality of supply and a 10x’ing of demand.
For me, it’s not about the model, it’s about the intelligent debaters that modelling brings into #Bitcoin.
So enjoy the model debate, but remember, all models are wrong, some are useful.
But ultimately, there are always only 3 rules to #Bitcoin.