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> gambling a few million on bitcoin isn't really a risk

They didn't just invest a few million, they also stuck their necks out in a very public way and made efforts to bring Bitcoin to the investment masses (via the ETF). A failure in Bitcoin would have reflected very poorly reputation-wise.

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Again, a slight social hit that is completely excusable (no investor is perfect) is a far cry from losing your home, savings, car, job, etc like a middle class person would have.

Ah, so what non-millionaires like me are doing wrong is we're not starting a bitcoin ETF. I'll have to start one in the spare time between my two jobs. Meritocracy!

And if everyone started out with the same amount of money in life you'd still be bemoaning the unequal distribution of advantageous genetic traits.

I'm not saying everything must be equal. It's people saying "meritocracy" who act like everything already is.

Oh the world is definitely not a pure meritocracy, I don't see how anyone could disagree with that.

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