Guy's Take_078 - Are the ETFs the End of the Bitcoin Dream?

The legacy financial system has arrived. One January 10th, numerous Bitcoin ETFs were approved. But is this even a good thing? What does this signal for the legitimacy of Bitcoin as an asset? What does it mean for the sovereignty of the network? This could both bring trillions of dollars in liquidity into Bitcoin and break through the Overton window of the average person. This may make bitcoin "real" for many who refused to pay attention before. But the big question... the real risk, is if we cannot scale sovereignty in Bitcoin to everyone in the world, what if we just end up with Gold 2.0? In a world of unbacked paper, and no way out?

It's time for a Guy's take episode. Are the ETFs the End of the Bitcoin Dream?

References

• "Reminder that the agency that can't keep its twitter account safe wants all of your trading information" (Link:http://tinyurl.com/mr587bhd)

Host Links

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"No man is brave that has never walked a hundred miles. If you want to know the truth of who you are, walk until not a person knows your name. Travel is the great leveler, the great teacher, bitter as medicine, crueler than mirror-glass. A long stretch of road will teach you more about yourself than a hundred years of quiet."

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