finman

November 22, 2018

that's the day SIX listed a crypto ETP open to private investors. the "first bitcoin ETF" in Switzerland is late to the party on access

what FINMA approved on October 20 is a different box: a retail fund that holds bitcoin directly

an ETP is the issuer's debt, not segregated. a fund's assets are segregated. that's the whole upgrade. it matters the day an issuer goes under

one coin normally breaks the diversification rules. FINMA let it slide because bitcoin has the trading history and the volume. good luck getting that for an altcoin fund)

no fund name, no issuer, no launch date yet. for $BTC
holders it changes the legal box, not the coin

I don't hold BTC right now. I hold BNB and add to it daily on DCA. this one's homework, not a trade

#SwitzerlandApprovesFirstBitcoinETF #Finman

🚀 From $1,000 Gaming Money to Crypto Millionaire: The Legend of Erik Finman
In 2011, most 12-year-olds were begging their parents for a new gaming console.

Erik Finman did something different. He took $1,000 from his grandma—money that could have bought him anything—and bet it all on something the world called "worthless internet play money."
He bought BTC at $12.

While the "smart money" was busy calling it a scam and a bubble, Erik was busy holding through:
📉 The 50% drops.
📉 The 80% crashes.
📉 The constant noise from family and friends telling him to sell.
He didn't just survive the volatility; he ignored it. Years later, that $1,000 turned into over $1 million. 💰

The Lesson:
The biggest opportunities in history almost always look ridiculous when they first arrive. If an investment is "obvious" to everyone, it’s already priced in.
The real question isn't "what is safe right now?"

It’s this:
Which project today is the world calling "crazy," "a scam," or "too risky"—but might be the one we look back on in 2036 and wish we’d held?
Are you spotting anything in the current market that feels like the "Bitcoin of 2011"? Let’s discuss in the comments. 👇
#Bitcoin #CryptoSuccess #EarlyAdopter #HODL #Investing #Finman

Disclaimer: This story is for educational and entertainment purposes. Cryptocurrencies are high-risk assets. Never invest more than you can afford to lose
$BTC
$HYPE
$AIA