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The Bitcoin ETF is such an oxymoron, the whole purpose of...

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EyeoftheTiger

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31/08/24

13:20

Post #: 75469171
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Originally posted by AverageJoe: ↑

I've been waiting for a local Bitcoin ETF to get some exposure, a price worth paying a fee to insulate oneself from security and tech constant innovation. There are few false starts here for various reasons.

Beside gold miners like any other asset class, the buy low sell high like your Bitcoin investment pays. Even here there are a few tech outside the Waax that paid very handsomely. Infact any sector that gives multi multi baggers will get philosophy lectures whether based on luck or foresight.

Increasingly, if the Feds starts the aggressive rate cutting exercise, the first casualty by logic is the USD and the consuming economy will usually see the inflationary import prices. Bond yields reflect higher inflationary prices threatening the bond values back to another potential Signature bank style collapse.

More QE? The US will have to assure the slack from traditional Chinese bond buying be taken up by other allies. Trump trade wars regardless if he wins is drawing the first idiot out of the block, Turdo, with exactly the same 100% EV tariff.

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The Bitcoin ETF is such an oxymoron, the whole purpose of Bitcoin was to escape this perversion of capitalism, it was supposed to bring about peer to peer transactions and reduce the power of third parties such as banks and government.
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