tetsuo on Nostr: https://m.primal.net/HgSj.jpg The ETFs purchased 9,150 #Bitcoin beyond what the ...
The ETFs purchased 9,150 #Bitcoin beyond what the miners produced (assuming the miners sold all).
So at least 9,150 bitcoin were sold from existing holdings. There is much more existing bitcoin that can be sold than there is new Bitcoin coming. The halving still matters but probably for how it affects miner selling behavior.
Published at
2024-02-29 21:24:46Event JSON
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"content": "https://m.primal.net/HgSj.jpg \n\nThe ETFs purchased 9,150 #Bitcoin beyond what the miners produced (assuming the miners sold all). \n\nSo at least 9,150 bitcoin were sold from existing holdings. There is much more existing bitcoin that can be sold than there is new Bitcoin coming. The halving still matters but probably for how it affects miner selling behavior. ",
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