Jun. 6 at 1:34 AM
$IBIT $BTC $BITO $MSTR $BTC
The SEC just lowered investor protections, thereby spooking the markets. People are pulling money out to where THEY CONTROL IT.
If Bitcoin's gonna come back up, self custody is not going to have the risk of someone using it to invest anywhere else.
Now
$COIN can take your Bitcoin ETF and bet on particular stock that THEY think will rise. They can even bet against you. They can protect those who are bears and if it goes up then YOU LOSE YOUR SHARES.
If you want to buy Bitcoin (pedo coin) whatever...you keep buying while Asia keeps selling. Simpler to cut them a blank check...but neither here nor there.
Do as you wish, but don't say I didn't warn you. A self custody wallet actually for sure investing in Bitcoin and won't crash with a Ponzi.