🔹 The famous analyst PlanB, the mind behind the Stock-to-Flow (S2F) model, has recently shocked the community by announcing that he transferred all his Bitcoin into a Bitcoin ETF instead of self-managing private keys.
💬 What does PlanB say about this decision?
📢 “Yes, I know, not holding the private key means that Bitcoin is not really yours. But for me, this method makes managing BTC easier, like stocks and bonds. Moreover, not worrying about protecting the private key makes me feel more secure. Perhaps I am no longer a Bitcoin maxi.”
📌 What does this mean? One of the influential figures in the Bitcoin community has chosen to entrust all of his BTC to financial institutions rather than hold it himself, which many believe goes against the decentralized philosophy of Bitcoin.
🧐 How Super Whales Hold Bitcoin: ETF or Self-Management?
✅ Why did PlanB choose Bitcoin ETF?
✔️ Easier management, no need to worry about storing private key 🔑
✔️ Like stocks & bonds, easy to track & liquidity 📈
✔️ Avoid the risk of losing private keys or being hacked 🛡️
⚠️ What are the risks of holding BTC through ETF?
❌ Not holding the private key means BTC is not really yours ⚠️
❌ Dependent on the ETF issuer, with the risk of being controlled 🏦
❌ Goes against the decentralized spirit of Bitcoin 🚫
🎯 What is the optimal BTC holding strategy?
💰 Self-custody BTC
➡️ Advantages: Complete control of assets, no fear of manipulation.
➡️ Disadvantages: Risk of losing private keys, requires high security.
🏦 Investing through Bitcoin ETF
➡️ Advantages: Easy management, no need to store private key.
➡️ Disadvantages: Must place trust in financial institutions.
💡 Super whales like PlanB have chosen ETF, what about you? 🧐
Will you hold Bitcoin yourself or entrust it to financial institutions? Comment to share your views! 👇🔥
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