Comments on: Plato’s Allegory of The Bitcoin ETFs https://bombthrower.com/platos-allegory-of-the-bitcoin-etfs-cave/ Blowing up the Clown World. Tue, 09 Jan 2024 14:49:20 +0000 hourly 1 https://wordpress.org/?v=7.1 By: Jesus G https://bombthrower.com/platos-allegory-of-the-bitcoin-etfs-cave/#comment-160547 Tue, 09 Jan 2024 14:49:20 +0000 https://bombthrower.com/?p=9120#comment-160547 In reply to Stephen.

Thank you Stephen for clarifying it. In my ignorance I was worried about that.

]]> By: Stephen https://bombthrower.com/platos-allegory-of-the-bitcoin-etfs-cave/#comment-160465 Tue, 09 Jan 2024 04:57:07 +0000 https://bombthrower.com/?p=9120#comment-160465 In reply to Jesus G.

The blockchain is audit-able at any time. Unlike Gold, which can be lied about the amount you hold. BTC held must equal ETF certs issued. It cannot be "overbooked"for very long without being exposed. SO, while holding the actual asset is the best scenario, at least a BTC ETF will be difficult to "over sell" certs for above the actual amount held, keeping the market price reflective of its relative scarcity even in an ETF issue.

]]> By: Jesus G https://bombthrower.com/platos-allegory-of-the-bitcoin-etfs-cave/#comment-160131 Sun, 07 Jan 2024 06:32:51 +0000 https://bombthrower.com/?p=9120#comment-160131 Hello and thank you for the insight.
Could you elaborate on why ETFs cannot be used to manipulate BTC price? As I understand, derivatives are being used to do just that in gold, silver and pretty much any commodity and has been very successful action for many years now.
thank you.

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