The mechanism exists but I didn’t say it was active. I see the mechanism being put in place right now by the absence of a spot ETF while futures ETFs get approved.
I think the suppression becomes an imperative when BTC comes close enough in size to threaten nation state reserve currencies, so $500k - $1m per coin.
For this reason the I think there will be a reserve currency resistance level which will act as a ceiling until it’s broken after which BTC price accelerates when fiat collapses under its own weight.
woonomic / Willy Woo
npub1cl…xxhme
2023-02-28 03:03:41
in reply to nevent1q…7c00
Author Public Key
npub1clwvhf87gsn20v02ywd9vda6gratnp3v3jrtxvc0ue0f7en5xhmq3xxhmePublished at
2023-02-28 03:03:41Event JSON
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