Given the high ETF inflows I am surprised the price of bitcoin is down recently.
I am concerned that the ETFs aren’t sharing proof of reserves.
My inner conspiracist is telling me there’s potential for paper bitcoin to exist in the market this next bull run - similar to how FTX created paper bitcoin, surpressing the price in the last bull run.
(Credit to bitwise for posting proof of reserves)
#grownostr #nostr #ETF #zap #bitcoin #pleb
Sage
npub1rp…8dz9n
2024-08-28 05:48:57
Author Public Key
npub1rpmkwnj2t22ka6u5rg8czg5jwhlyzd46n63aw4mdju435393kfdqg8dz9nPublished at
2024-08-28 05:48:57Event JSON
{
"id": "fd280cf46b25444941050fd4405ba8602670aeb5add961487de6c4c775862d46",
"pubkey": "1877674e4a5a956eeb941a0f81229275fe4136ba9ea3d7576d972b1a44b1b25a",
"created_at": 1724824137,
"kind": 1,
"tags": [
[
"t",
"grownostr"
],
[
"t",
"nostr"
],
[
"t",
"ETF"
],
[
"t",
"zap"
],
[
"t",
"bitcoin"
],
[
"t",
"pleb"
]
],
"content": "Given the high ETF inflows I am surprised the price of bitcoin is down recently.\n\nI am concerned that the ETFs aren’t sharing proof of reserves. \n\nMy inner conspiracist is telling me there’s potential for paper bitcoin to exist in the market this next bull run - similar to how FTX created paper bitcoin, surpressing the price in the last bull run. \n\n(Credit to bitwise for posting proof of reserves)\n\n#grownostr #nostr #ETF #zap #bitcoin #pleb",
"sig": "d4b88f97a161017b57941eea7d975fe6aa8941acdfc4123073645b35978cea63632ce903eacbcece71a74812fb19240158a3e152ae8c8d53a75b4ed8f1367e7c"
}