@roadmap2wealth_ @Bitcoin_Teej Not now but when they finally realize the value (not cost) behind BTC it will be too late. “You buy the price you deserve” and I know as time progresses ppl will wish they bought the asset itself instead of funding it for someone else’s possession.
@roadmap2wealth_ @Bitcoin_Teej Why wouldn’t it though? You already stated that once you buy in you are trading like an Apple stock with no access to the blockchain “no need for keys and wallets”. That’s the same as the IOU system we use today which ultimately lead to the numerous rise and falls of economies.
@roadmap2wealth_ @Bitcoin_Teej This is my point exactly. No access to the direct asset = no access to the blockchain thus meaning you are going against the very problems it was created to solve “double spending” & “global trust”.
@roadmap2wealth_ @Bitcoin_Teej Also I hear you just doesn’t make sense to me. What would stop them from repeating the same predicament such as precious metals (gold/silver) stocks?Institutions were able to sell the same 1oz to 20+ investors. Is it unrealistic for BTC ETF to eventually have that outcome? 2/2
@roadmap2wealth_ @Bitcoin_Teej How can you still transact if you don’t have the keys to your wallet and instead a stock like version? I’m asking all these questions bc it seems like these are the ones that need to be asked… 1/2
@roadmap2wealth_ @Bitcoin_Teej Doesn’t that defeat the purpose of the asset itself. Someone will be using the BTC at all times and the whole point of BTC was to separate money from state. Whatever money investors put in I believe will fuel the same system that got us to the point where the world needed BTC.
@roadmap2wealth_ @Bitcoin_Teej That is a very optimistic way of thinking. Do you believe owning the ETF version of BTC will allow the investors to transact freely on the blockchain? Or will that also be micro managed.
We have sent more than $100 billion to Ukraine yet we can’t find enough money to care for the homeless, feed the poor, arrest the criminals, house the migrants, build our infrastructure, and educate our children.
Wild.