Analyst PlanB Transfers All Bitcoins to ETFs: Abandoning Traditional Storage
Date: 2025-02-17 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
He explained that this approach allows managing assets in the same way as stocks and bonds, which greatly simplifies the process.
“I understand that without personal keys, the coins, in fact, do not belong to me. But it is more convenient for me to operate bitcoins in the same way as securities. In addition, the lack of need to fiddle with keys reduces the burden on the head. I guess I no longer consider myself a bitcoin maximalist,” the analyst wrote.
His statement caused a mixed reaction among the two-million audience. Some supported the decision, noting the convenience of this approach, while others, on the contrary, expressed the opinion that trusting the management of cryptocurrency to third parties is an unjustified risk. The issue of taxation was also discussed, but PlanB explained that the Netherlands does not tax realized profits, so this does not entail additional costs for him.
At the end of September 2024, the analyst predicted a significant increase in the value of Bitcoin, when the price was at $60,000. Now, at $97,000, his prediction turned out to be correct.
