February 17, 2025
No Longer A Maxi
Known for creating the Stock-to-Flow price model, PlanB was attracted by the simplicity of handling Bitcoin like traditional assets, without dealing with private keys. “I guess I’m not a maxi anymore,” he remarked, shifting away from the “not your keys, not your coins” philosophy.
In a tweet, PlanB stated that this decision doesn’t trigger a tax event in the Netherlands due to the absence of a capital gains tax on unrealized profits. Bitcoin critic Peter Schiff responded, calling Bitcoin a “digital pyramid scheme” that has failed its intended purpose.
ETFs Soar
Spot Bitcoin ETFs, launched in January 2024, have attracted institutional interest, now holding nearly 6% of Bitcoin’s total market cap, according to SoSo Value. The iShares Bitcoin Trust ETF (IBIT) is the largest cryptocurrency fund, with assets exceeding $57 billion.
ETFs have simplified crypto ownership but challenge Bitcoin’s cypherpunk principles by transferring control to traditional financial institutions.
