Author: Inna Golovacheva, sent to hell for clickbait, but this is different
🤝 "We are recognized!" - shouted the crypto market when the SEC approved the first spot Bitcoin ETF. Memes, fireworks, the chart shot to the moon. Just how we like it. But can I ask: what if this is not a victory at all? What if the Bitcoin ETF is a Trojan horse that is already standing in the center of Troy, just with the BlackRock logo on the side?
🐴 A bit of history: who is the Trojan horse?
This is not about the horse in credit.
This is about the legend: when the Greeks could not take Troy by storm, they pretended to sail away and left a huge wooden horse at the gates as a gift. The Trojans were delighted, dragged it into the city, like a trophy, looking all nice. At night, a squad of elite Greeks crawled out of the horse and... well, you got it: "rekt" from the first person))
🧯 ETF is a beautifully packaged gift. On the surface, everything seems civilized: a convenient way to buy Bitcoin on the stock market, support from giants like BlackRock, Fidelity, ARK, legality, transparency, "now we are respected!" But the thing is, ETF is not Bitcoin (pababapaa fiyu!).
This is a piece of paper, a derivative, a ticker that is traded on the exchange. You can’t withdraw it to a cold wallet. You don’t own the private key. You own NOTHING.
🎭 ETF equals Not your keys, not your crypto. The essence of Bitcoin from the very beginning has been financial independence, self-governance, free access without intermediaries.
And now they tell you: "Buddy, we will hold the Bitcoin for you, it’s more convenient for you, you live either in Asia or in America, and we are around the clock!" It’s like if you bought a sports car, but they told you that an accountant would drive it because he has a sports car license.
🕴 Who is hiding inside the horse?
ETF opened the doors of Wall Street to crypto. Seems like good news! But who now holds the keys to liquidity (as well as the majority of our beloved):
– BlackRock
– Fidelity
– The entire old financial guard that has been making money on mediation, commissions, and control for decades. Ohlalaaa. Now they are entering the crypto market not as guests, but as owners.
📉 Next level manipulations!
They now have levers:
- can keep the price under control without buying real Bitcoin;
- can simultaneously buy/sell ETFs, moving the market,
- can make "rebalance" portfolios and create a dump effect without moving a single coin on-chain.
And now guess who is the main ingredient in this game? You.
Oops, I did it again.
⚔️ So what to do?
Don't be fooled by the gloss! HODL your Bitcoin in self-custody! Remember why you are here: not for the ticker, but for freedom!
🧨 Withdrawal without BTC on Wallet: BTC is not an asset under management. It’s not a pension fund. Not an index. Not an ETF ticker with a chart on Bloomberg. It’s a digital motherf***ing anarchist, and it wasn’t created to be kept in a Fidelity safe.
ETF is convenient. But just like in the legend of Troy, behind convenience may lie capitulation. So don’t open the gates too wide, what if inside isn’t a gift, but a plan for the quiet absorption of crypto freedom.
And whattttt next?
#CryptoAdoption #TrumpTariffs #MarketRebound #USChinaTradeTalks #CryptoRoundTableRemarks