Listen, I calculated here — you know who really doesn’t need all these 'Xs'?
X2, X10, X100?
No, not you, my dear shibo-investor. And not even me.
But funds — they don’t care at all!
They don’t need ten times more, a hundred times more. They need stability. Just like Swiss watches.
BTC at 100k? ETH at 10k? — Sure, even now, without unnecessary drama.
And now — the most interesting thing. What is this BTC ETF of yours?
Ready? It will be as simple as possible, so even the neighbor who keeps USDT under his pillow will understand.
So...
The fund comes to the market, leisurely, with a coffee in hand, and says:
> 'Hmm... It would be nice to take a couple (thousand) Bitcoins. Just to have on the balance.'
And buys. Real coins. Not wrappers, not futures, not something leveraged. But real bitcoins.
Yes, those that no CEX will ever give you for cold storage without KYC through three circles of hell.
Now the fund has Bitcoins in its wallet. Beautiful, prestigious.
And here comes an ordinary Vasya or even a small fund, and says:
> 'Can I have a piece of your Bitcoin? Just like that, officially.'
The fund looks, nods, and… sells not the Bitcoin itself, but a note — a piece of paper saying:
> 'You now own part of our BTC. Just don’t be scared, nothing will come to your wallet. But you kind of own it. Honestly. We are here for business.'
And this is where the magic of accounting begins.
You’re so proud, holding a paper from BlackRock or some other titan.
She says: "You have 1 BTC"
Actually? No. You have the right to sell it back to the fund at the current market price.
So:
— Is there Bitcoin? — NO.
— Can money be obtained? — YES.
— But you won’t see the Bitcoin. Ever.
This is the kind of 'digital fetishism', buddy.
And what’s the outcome?
They don’t need growth to the moon. They don’t need volatility.
They need predictability. Calmness.
They need a flow. Legal, managed, dry, like white wine at a corporate event.
And we’re here: 'WOW! BTC at 250K!'
Funds:
> 'Guys, calm down. We just need some dripping commission, so that the SEC doesn’t fuss. And happiness will follow.'
The conclusion I made for myself:
Want Xs — play yourself. Buy, store, pray, yoga, cold wallet.
Want to sleep peacefully — welcome to the world of ETFs: it’s boring, but in a jacket.
So, brother-investor, do you recognize yourself?
And if you still believe that funds want to 'pump to Mars', just remember:
> They don’t need Xs. They need power over liquidity. And over you — a little bit too.
Liked it? Press. Didn’t like it? Well… I’m already in the red on the altcoins — it can't get worse.
Until we talk again. #Green_lamp was on the line.
