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by trashcan_ 1721 days ago
I don't know why people don't understand this. There was a twitter spaces a few weeks ago after one of these ETF delays where a bunch of bigwigs pushing these ETFs seemed clueless or willfully ignorant of this fact. Its just pathetic.
1 comments

> I don't know why people don't understand this.

That old Upton Sinclair quote comes to mind: the finance guys are making a ton of money getting people to ante in and when you buy a cryptocurrency the only way you get your money back is by talking it up so anyone who's already in has a big incentive not to ask questions.