The post Holding Physical Bitcoin Is Not The Only Way To Earn The Maxi Tag appeared on BitcoinEthereumNews.com.

The Bitcoin world is fluid and keeps evolving. Ever since 2009, when Bitcoin (BTC) was launched, the sector has seen notable changes that have transformed cryptocurrency ownership. This includes retail traders and institutional investors. Notably, spot BTC exchange-traded funds, (ETFs), which launched in January 2024 opened the way for traditional financial institutions to gain Bitcoin exposure. However, many like the Michael Saylor-led Strategy prefers direct exposure. PlanB’s Shift Sparks Debate on Maximalism Saylor, a Bitcoin Maximalist (Maxi), has remained bullish on the digital asset. For clarity, a Bitcoin Maxi is someone who believes BTC is superior to any cryptocurrency in the digital currency market. PlanB on X recently updated and revealed an interesting development for Bitcoin Maxis. He stated that he has moved his holdings into ETFs instead of holding them directly. – Advertisement – The implication of this move is that PlanB does not personally control his BTC but now relies on custodians instead of self-custody. Source: X This move has sparked debate in the community, as some have interpreted it a betrayal of the core BTC principles. PlanB himself in the post appears to have expected the uproar it would cause when he stated, “I guess I am not a maxi anymore.” In essence, PlanB implies that he remains a Bitcoin Maxi even though the broader community might have a contrary opinion. For him, being a Maxi is about support for Bitcoin, either physically or as an ETF. Interestingly, PlanB explained his decision was based on convenience and peace of mind. He considers it easier to manage his holdings alongside other traditional investment options like stocks and bonds. This will free him from dealing with private keys and wallets. Is ETF Exposure a Betrayal of Core Principles? However, the question arises: who is a true Bitcoin Maxi? Maxis…

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Filed under: News - @ February 16, 2025 2:18 pm