The more I've had time to really think it through, the more I think ETFs for Bitcoin will be it's eventual undoing.
It's become pretty clear to me that Global banking cabals are not only using unlimited derivatives (and naked contracts) to price fix any and every commodity on the planet, but also to hold them down or crush them if need be in order to keep their fiat ponzi scheme going as long as possible. There is no free market price discovery anymore where derivatives are being leveraged.
I shudder to envision a future where this happens to Bitcoin as well.
Aye. It's an interesting one. They would start off backed by real coins and then gradually give up the ghost.
I know the Swdish ETN voluntarily backs itself with real coins but i wonder whether they'll forget to mention they've dropped that requirement at some point.
