Caer on Nostr: I'm actually a bit surprised that the bitcoin etfs managed to move the price so ...
I'm actually a bit surprised that the bitcoin etfs managed to move the price so little considering how a big a slice of the total supply they've been able to get so quickly. I suppose there must be a huge lake of BTC owned by OG whales that is many 1,000 of % in profit, and is consistently being 'sold down' (and bought up by the ETFs), keeping the price rises fairly tame. If that's true, I wonder how big that lake is and how long it will take for it to flow into ETFs and corporate treasuries. Once thats done ETFs will surely find it a lot harder to source BTC and will have to bid up the price?
Published at
2024-03-29 13:24:25Event JSON
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