The BTC Spot ETF is the only way for government to ‘control’ crypto, they will APPROVE it
1 min read
We all are in crypto for the tech, I know it. It’s:
decentralized
nobody controls it
fast transaction
This is why governments cannot control it.
(1) First they laugh at you, (2) then they fight you, (3) then you win.
Seeing all those timed and coordinated FUD attacks to the crypto industry including lawsuits to CB, Kraken and latest to Binance and CZ?
Crypto still pumps despite all that!
The government sees it, the only way for them to keep control over crypto is by letting the Spot BTC ETF pass.
Why? Because people give up self custody to the asset managers. Blackrock&co are holding your coins and in case something needs to get ‘controlled’, the government can seize your ‘ETF’.
For your own sake and crypto’s sake, hold your coins on your own wallet. Don’t let big asset firms hold the majority of coins!
submitted by /u/MikeDJunior
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