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Comment on Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure

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Ulrich@feddit.org ⁨3⁩ ⁨weeks⁩ ago

(it was an opinion not investment advice)

If you did give them advice, would it be different?

some coin I’d never heard of

The problem is this person was looking at the market as a whole and then investing in some niche coin. At this point any coin that’s not well-established is mostly likely pure grift.

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JackbyDev@programming.dev ⁨3⁩ ⁨weeks⁩ ago
Right, why invest in a rug pull coin when I can invest in an ETF of all the rug pull coins!

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- infinitesunrise@slrpnk.net ⁨3⁩ ⁨weeks⁩ ago
  Bitcoin is the only crypto that has been approved by the SEC to be included in ETFs. So far.
  
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  - pdqcp@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago
    Slight correction, seen that Ethereum was also approved to be included in ETFs
    
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    infinitesunrise@slrpnk.net ⁨3⁩ ⁨weeks⁩ ago
    Oh, I completely forgot about that. Speaking out my ass. Thanks.
    
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  - JackbyDev@programming.dev ⁨3⁩ ⁨weeks⁩ ago
    So you’re saying there’s a chance? Heh heh heh… Only a matter of time.
    
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    infinitesunrise@slrpnk.net ⁨3⁩ ⁨weeks⁩ ago
    There are definitely elements of this administration that want to see their particular shitcoin approved. We’ll see. It was quite the epic legal battle to even get bitcoin through that door. The SEC has rules for financial fundamentals that bitcoin legitimately met, which other coins would have a much harder time proving.
    
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