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Someone asked why ETFs made me believe in Bitcoin

Bitcoin Reddit

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Please double check my math. At the current price, IBIT is holding $162 billion. They charge 1/4th of 1% per year (0.0025). This is $405 million per year revenue at current price.

I think the big boys want to see Bitcoin continue to thrive. They want Bitcoin to double, triple or 10x. This makes me feel better about the future.

submitted by /u/3_pigs
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