Next crypto bubble scenario: Bitcoin ETF-driven premiums will cause people to get FOMO and eventually go broke.
The launch of a Bitcoin ETF will drive up the price of altcoins and BTC ETFs, even if the actual price of Bitcoin doesn't increase significantly.
Think about the huge GBTC premium in 2020-21. Now it's a -30% discount.
Don't get too excited about BTC ETFs, just buy BTC.
If government regulations force you to buy an ETF, research Saylor's MSTR - it has the potential to outperform all Bitcoin spot ETFs in the future.
bjunjo / Billy Jun Jo
npub195…xhsg3
2023-08-09 09:26:41
Author Public Key
npub1959uhy6avua0j5x25y3szs9g604whnn0n47dqup7lkg7eq656ugqexhsg3Published at
2023-08-09 09:26:41Event JSON
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"content": "Next crypto bubble scenario: Bitcoin ETF-driven premiums will cause people to get FOMO and eventually go broke.\n\nThe launch of a Bitcoin ETF will drive up the price of altcoins and BTC ETFs, even if the actual price of Bitcoin doesn't increase significantly.\n\nThink about the huge GBTC premium in 2020-21. Now it's a -30% discount.\n\nDon't get too excited about BTC ETFs, just buy BTC.\n\nIf government regulations force you to buy an ETF, research Saylor's MSTR - it has the potential to outperform all Bitcoin spot ETFs in the future.",
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