What's the point of buying KYC Bitcoin anymore if you are only doing it as an investment?
With the arrival of the spot ETFs, I don't see the point of buying KYC'ed Bitcoin as an investment anymore. The spot ETFs are far easier to navigate and ultimately have a lower all-in cost.
Kyc'ed Bitcoin can still be spent, so if you're into doing all sorts of cool things like playing with Lightning payments, it makes sense. But if you're just at home buying and sending it to your wallet, the ETFs make more sense to me.
Non-kyc Bitcoin still makes sense for a variety of reasons, such as fleeing a tyrannical state.
I guess a fringe thought might be fear that the ETFs will lose custody somehow. Or just a general hatred for traditional finance. If that's the case, I kinda get it.
Thoughts?
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