Morpheus on Nostr: Every time I hear of a company buying BTC I always think that it might one day turn ...
Every time I hear of a company buying BTC I always think that it might one day turn into a forced seller during bad times. Maybe it will save their company but only if they unwind it possibly at terrible price too.
I feel like this especially happens with BTC miners. They mine and hoard BTC, but when the price is below cost of operations which happens at least one or twice per cycle, they turn into forced market sellers dumping sometimes at worst moments.
I feel like this especially happens with BTC miners. They mine and hoard BTC, but when the price is below cost of operations which happens at least one or twice per cycle, they turn into forced market sellers dumping sometimes at worst moments.