Keep seeing popular accounts touting how the Bitcoin ETF holders didn’t sell through the recent dip as evidence that the legacy system boomers get it and have strong hands.
I’m sure some of them do, but I think what it really shows is that the majority of the ETF holders are actually Bitcoiners who had money tied up in the legacy system that they shifted to the ETFs after launch.
The big financial institutions have just began to green light the bitcoin ETF pitch. The old money isn’t here yet. That wave is yet to come.
/ Tinsley
npub1dt…yrtqh
2024-08-08 22:58:55
Author Public Key
npub1dtnshwcut5uqnw8fjc7k5zynd3nz652d8v4d8986vjfwmhjdhy8qgyrtqhPublished at
2024-08-08 22:58:55Event JSON
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"content": "Keep seeing popular accounts touting how the Bitcoin ETF holders didn’t sell through the recent dip as evidence that the legacy system boomers get it and have strong hands.\n\nI’m sure some of them do, but I think what it really shows is that the majority of the ETF holders are actually Bitcoiners who had money tied up in the legacy system that they shifted to the ETFs after launch.\n\nThe big financial institutions have just began to green light the bitcoin ETF pitch. The old money isn’t here yet. That wave is yet to come.",
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}