There's a massive rug-pull on the horizon....

In the US, legal claims to ownership of securities belongs to the very top of the economic food chain, not the individual. The legal framework that allows for this is VERY sophisticated, has proven case law and is unlikely to get rervesed anytime soon. This is mostly due to a change in the UCC section 8 from 1994. See https://www.law.cornell.edu/ucc/8

As it stands now, assets (including stocks, bonds, homes, pension funds, ETFs...) are collatorized (unknowingly) by third parties. Meaning, if there were a financial collapse, these third partes would go bankrupt and the legal claims to collateralized assets would go to the very front in line. In othewords, there's no counter party. This is designed to occur (literaly) overnight.

This mattters to Bitcoin because of the ETFs. Anyone who "owns" shares of a Bitcoin ETF, IRA or hold bitcoin is a custodian will lose most if not all value in a financial collapse. Most of which will go to the creditor(s) first in line. This includes Blackrock.

How many here are aware of this?