In Bitcoin We Trust Newsletter

In Bitcoin We Trust Newsletter

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In Bitcoin We Trust Newsletter
In Bitcoin We Trust Newsletter
Stop Getting Excited About These Daily Announcements of Financial Institutions Buying Bitcoin. The Truth Is Quite Different.

Stop Getting Excited About These Daily Announcements of Financial Institutions Buying Bitcoin. The Truth Is Quite Different.

This is false good news that only reinforces the centralization of Bitcoin and the distortion of the deeper meaning of the Bitcoin revolution.

Sylvain Saurel
May 23, 2024
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In Bitcoin We Trust Newsletter
In Bitcoin We Trust Newsletter
Stop Getting Excited About These Daily Announcements of Financial Institutions Buying Bitcoin. The Truth Is Quite Different.
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It's often said that numbers don't lie, but in reality, even if the numbers themselves don't lie, it all depends on how you interpret them.

Take a look at this chart.

Image

937 financial institutions reported buying Bitcoin spot ETFs in Q1 2024. By comparison, gold ETFs attracted just 95 financial institutions over the same period, almost 10 times less.

Bitcoin …

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