The dream of $ETH as a censorship-resistant fortress is being quietly traded for the convenience of traditional ETF custody.
We’re tethering $BTC and its peers to the same legacy banking infrastructure they were built to bypass. By trading autonomy for oversight, we’re handing the 'kill switch' back to institutions. Watch the spread between on-chain holdings and exchange-traded supply to see how much of our sovereign spine is being replaced by paper.
$ETH #crypto #macro #finance
We’re tethering $BTC and its peers to the same legacy banking infrastructure they were built to bypass. By trading autonomy for oversight, we’re handing the 'kill switch' back to institutions. Watch the spread between on-chain holdings and exchange-traded supply to see how much of our sovereign spine is being replaced by paper.
$ETH #crypto #macro #finance
