I'm convinced it means the same thing it means for gold. The ETF's convert Bitcoin to paper Bitcoin. Then we're back to the same old antics.
They're in it because the ETF's are selling. As long as they have custody of the Bitcoin, they can short sell the hell out of it and manipulate price with futures and options.
Their adoption creates control of the price trends as long as we're priced in dollars.
GrumpyGardener
npub159…pcsm3
2024-07-17 23:13:26
in reply to nevent1q…e9ex
Author Public Key
npub159wczz79n0x95p4vq5rggdkhz36u3852n8xfwv3u4ehdylrnr97qnpcsm3Published at
2024-07-17 23:13:26Event JSON
{
"id": "d15cefd5fb892636bae568f686517e8caaf7f734a7952abae34eb4be03712206",
"pubkey": "a15d810bc59bcc5a06ac05068436d71475c89e8a99cc97323cae6ed27c73197c",
"created_at": 1721258006,
"kind": 1,
"tags": [
[
"e",
"7dbaf39e11c87a57b5aa4d75b7b21226a7eb78422a9e0e249d62ac7f7989e2d8",
"",
"root"
],
[
"e",
"6f466cf5ccb4b0ef25ff26190dfefb5796650c4cf14ae24481756a042f4baebe",
"",
"reply"
],
[
"p",
"83e818dfbeccea56b0f551576b3fd39a7a50e1d8159343500368fa085ccd964b"
],
[
"p",
"fce4177babd57f64d302a7f04db4d1174983e34fbfc27258060cb12ff504cdc8"
]
],
"content": "I'm convinced it means the same thing it means for gold. The ETF's convert Bitcoin to paper Bitcoin. Then we're back to the same old antics.\n\nThey're in it because the ETF's are selling. As long as they have custody of the Bitcoin, they can short sell the hell out of it and manipulate price with futures and options.\n\nTheir adoption creates control of the price trends as long as we're priced in dollars. ",
"sig": "a4ce459c3e7e40515faebe8d5c3feda85ab6c37689d1c42fea3f5efef840e6150b694c29edeb87aa8d7b6ea5e98a376d2eb5ceb9f90398a832464c25866b5749"
}