(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) Image credit to X user @CryptoTubeYT
Whilst I didn’t understand much of the technicals of the post. It’s clear that now Tradfi have got their filthy hands on Bitcoin, it’ll end up just like every other financial product...an over leveraged mess that the ‘higher ups’ take advantage of whilst raping the common man. The white paper is dead, the reason it was invented is now defunct and the maxis must be shitting bricks - yeah sure we can make money with a bull market or the myriad of arbitrage ideas in the post but let’s be honest that’s not why Bitcoin came about.
Lord Satoshi's general has spoke and all Bitcoin plebs must unite around the campfire to hear the upcoming chaos and opportunity it will create. We are blessed to have an ex-trad-fi expert guide us on our pleb journey's to the promise land. Thank you Arthur for all your deeply insightful posts and humor - we are all better for it.
Whilst I didn’t understand much of the technicals of the post. It’s clear that now Tradfi have got their filthy hands on Bitcoin, it’ll end up just like every other financial product...an over leveraged mess that the ‘higher ups’ take advantage of whilst raping the common man. The white paper is dead, the reason it was invented is now defunct and the maxis must be shitting bricks - yeah sure we can make money with a bull market or the myriad of arbitrage ideas in the post but let’s be honest that’s not why Bitcoin came about.
I have so much to research after reading this... just to understand, not play... yet.
This is some deep level insights you are leaking out Arthur! 🥂😧
I once again enjoy reading your article as it offers an unseen perspective. Thank you very much.
Thanks Arthur. Where do you think these BTC vs. ETF swaps will be available to trade?
Lord Satoshi's general has spoke and all Bitcoin plebs must unite around the campfire to hear the upcoming chaos and opportunity it will create. We are blessed to have an ex-trad-fi expert guide us on our pleb journey's to the promise land. Thank you Arthur for all your deeply insightful posts and humor - we are all better for it.
Would 100k yield any decent returns by arbitraging or is it too little?
Finally learned how to spell Yahtzee! That's whasssup!!!!!!!!
Great essay.
Great post, thanks Arthur
I always make time to read these essays! Exceptional vision!!!
Question, you write:
"The point of this product is to warehouse fiat, not to provide an easy way to buy physical Bitcoin with your retirement account."
If the EFT needs to actually buy the BTC can you explain—to a smooth-brain—what the powers-that-be gain from this?
- Are you suggesting that they might be less than transparent about their actual BTC holdings?
- Or is it all about the final rug-pull when they seize your ETF BTC and forcibly redeem-you-out in free-falling-fiat?
- Or is there a short to medium term benefit to having the fiat locked up in an ETF rather than being on an exchange or paper-wallet that I can't see?
Anybody else other than the author, please feel free to educate me on this.
Many thanks!