Anyone who buys the ETF is two degrees removed from owning bitcoin. Although in theory it's easy to audit bitcoin ownership, I don't have any trust in groups like Blackrock or Coinbase. I'm sure they'll find a way to screw it up.
Anyone who buys the ETF is two degrees removed from owning bitcoin. Although in theory it's easy to audit bitcoin ownership, I don't have any trust in groups like Blackrock or Coinbase. I'm sure they'll find a way to screw it up.
It's definitely a tradeoff of personal risk ("am I competent in securing my own wallet") vs institutional risk ("is Blackrock going to abscond with my crypto").
In many ways it mirrors willingness to self custody fiat currency vs using a bank.
It's definitely a tradeoff of personal risk ("am I competent in securing my own wallet") vs institutional risk ("is Blackrock going to abscond with my crypto").
In many ways it mirrors willingness to self custody fiat currency vs using a bank.
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