Bitcoin analyst PlanB has transitioned all his Bitcoin holdings from self-custody to spot Bitcoin exchange-traded funds (ETFs). This move aims to allow him to manage his Bitcoin like traditional assets, minimizing the complexities associated with self-custody. He expressed relief over not having to deal with the security of private keys, stating it provided him with peace of mind. This transfer has ignited debates within the community, particularly among Bitcoin maximalists who advocate for personal keys management. Some followers questioned the potential tax implications of his transfer, although PlanB noted his capital gains tax residency in the Netherlands does not impose traditional capital gains taxes but a wealth tax based on assumed investment returns. He emphasized that he views the use of ETFs as a rational step towards Bitcoin adoption and raised curiosity about whether purchasing a company like MicroStrategy would have been considered equally controversial. Meanwhile, Bitcoin ETFs are projected to see significant inflows in 2025, reinforcing their growing acceptance.

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