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So IBIT finally launched. Yeah, I'm not exactly happy about this.
Bitcoin was launched during the Great Financial Recession of 2009, and it was a protest against established financial institutions. A Bitcoin ETF is counter to the original white paper. It's giant institutions who manipulate other commodities including gold and silver using ETF inflows and futures.
It's suspicious that this passed, and I am surprised it was approved due to the volatility of cryptocurrency and it's checkered past.
We shall see what happens next. More manipulation.
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