Bitcoin is a "ponzi by proxy"

[johnarb]

Looks like if these ETFs get in a legal fight with the government for any reason, the legal fees are coming out of the trust balance. Even if they waive their regular fee for a while, you can still be hit with charges for "extraordinary" things.

Seriously? That's your response? legal fees in the event of a government legal fight....

10's of millions of $ of legal costs for setup of the ETF's, plus all the employee training, research and other human resources, plus who knows about infrastructure, logistics, office setups, travel, meetings, but that's all OK because the ETF issuer can still charge for costs of legal fight with government if it happens

You put all that effort to find this tiny little thing, you should instead put the effort to understand why the ETF issuers are waiving fees for at least 6 months as well as lowering the fees from the get go to basement level. Come on, man, do better, for yourself...

 

[johnarb]

Starting tomorrow, bitcoin will be just another stock market tradeable asset like GLD

All the critics of ET will be able to short the bitcoin spot etf

We will finally get to see their conviction in their belief that bitcoin is worthless

We had 15 years to front run the masses and wall street, that is no longer the case, tomorrow is the day everyone gets access to bitcoin

 

[semperfrosty]

Starting tomorrow, bitcoin will be just another stock market tradeable asset like GLD

All the critics of ET will be able to short the bitcoin spot etf

We will finally get to see their conviction in their belief that bitcoin is worthless

We had 15 years to front run the masses and wall street, that is no longer the case, tomorrow is the day everyone gets access to bitcoin


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I've seen some commentary saying there is north of 20 billion ready to flow in.

 

[orbit23]

When one of the largest asset managers changes profile picture to laser eyes, YOU ARE NOT EARLY.

https://twitter.com/x/status/1745234735134122231

It's very late and people are gonna get fu*ked hard.

Bitcoin is not a ponzi, but a massive bubble within "the everything bubble". It was originally driven by low-grade drug dealers and criminals, then it was adopted by fanatics and believers, and now it has progressed to being driven by professionals like blackrock etc... On top of that ponzis and frauds like Tether and many others are adding fuel to the fire.

Things are eventually going to take a turn for the worse globally. Eventually the wheels will fall off. Bitcoin is not "sound" money. It's bullshit and everyone is falling for the narrative. When the bubble deflates, it deflates quickly.

And i am not a Bitcoin hater or something. I sensed the move more than a year ago. They pump the price quickly to gather sheep before the slaughter.
I reckon there is little juice in Bitcoin left. Perhaps it goes a bit higher and reaches 55K-ish, who knows...
Usually before the party ends the altcoins run up quickly and violently. Might be worth loading up on altcoins if there is a favuorable opportunity.