Nobody buys gold ETFs to say they own shiny rocks, they’re only interested in NGU and to have a hedge on their other fiat investments. Golds price is unaffected by this etf because it’s paper gold. We all know what happens when people try this with bitcoin so……
FOR THE PEOPLE IN THE BACK !!
Nobody looking to exit the fiat system is going to buy blackrocks ETF, so your worries about it stifling freedom and adoption are based off of false premises. It’s going to increase demand because boomers and institutions will see this as “regulatory clarity”…
Nobody who gets Bitcoin is buying the ETF.. so nah. It’s just for boomers and institutions that only care about NGU. Basing an opinion off a false premise……
I used to be like that.
Try this..
Get yourself an Apple Watch or Fitbit, Start working out for a few months with a goal of going 3 days a week and tracking your progress. You will get addicted to the feeling of self betterment as you see results and……
