it has compounded at 80% for 15 years, and is up over 100% this year. For god sake when are you wrong then?
that will be the official excuse - lol - what you going to do about it? it could happen right? tell me no way it can't happen - can you? regulators fine them for negligence no one goes to jail move on nothing to see here folks..
I guess anything could happen technically. I would just say that there has been no ETF in the history of ETFs that has lied about their holdings and/or have not been able to access their holdings. So if you think black rock is going to be the first one to do that he might be waiting for a long time.
educate me: what other ETF lied about their holdings and/or could not access their underlying holdings?
No, everyone has different risk preferences. To me, it is like asking if a new motorcycle that goes 200mph when the old one goes 150mph makes me rethink wanting to ride a motorcycle? Of course not. It doesn't matter if the new motorcycle goes on sale either. What would make me want to ride a motorcycle would be safety features that basically turn it into a car and not a motorcycle. Motorcycle fans would hate it because it is no longer a motorcycle. The risk to them is a feature and not a bug. What would make me interested in owning bitcoin would be that if it goes to 90k and stays between 90k and 95k for years. I could see the value then in using bitcoin for payments outside the banking system when traveling. For my risk preferences, it makes no sense to add that kind of volatility to my portfolio as an asset. It is the opposite of what I want. Giant all time high moves based on an election is exactly what I don't want.
Staying between 90k and 95k for years implies loss of buying power. The idea is to maintain or increase buying power in a world where governments endlessly print fiat.
Lost coins means coin scarcity increases. As long as demand stays steady, the price of BTC must go up as more coins are lost due to the supply dwindling.
Your statement makes no sense. You say it's not a store of value, but it's gone from $0 to $90k per coin. Literally every person who has ever bought BTC at any point along the timeline and held on to his coins has seen price appreciation as of today. If that's not a store of value, I don't know what is.
Bitcoin is not a currency. Never will be. Doesn't need to be. Governments across the world have already ruled that it's a digital asset, not a currency. Not sure what point you're trying to make.