Sep. 5, 2023
Bitcoin is a digital Ponzi, backed by nothing , created from thin air by a ghost. This Fraud is useless and not accepted anywhere. A spot ETF would mean that the actual bitcoin was in custody of the ETF owner, via Flash drive, or on an Exchange. This would open up the likely scenario that anyone in WORLD could hack the ETF bitcoins on the exchange, or embezzle from the Bitcoin ETF and wash the Bitcoin like SBF. A Spot ETF will bring greater unsuspecting fools into the pyramid scheme. Which is the only way bitcoin can increase in value as it has no revenue behind it. As Bitcoin is designed to crash to zero eventually, These greater fools would be left holding the bag of something worthless. The other problem, if ETF is hacked or embezzled, this could open up the American taxpayer to funding a bailout to repay the embezzled funds. The SEC was spot on to keep the Futures ETF to protect the American public. I have read the comments on the sec board, that are many different emails, that basically say the same thing.. nothing whatsoever. We see the same thing on the yahoo conversation board.. basically one scammer with many emails attempting to generate interest in this fraud bitcoin. Best regards, Billy Jensen