lasereyemillennial on Nostr: So… news breaks in Chinese markets, and only American investment firms with bitcoin ...

So… news breaks in Chinese markets, and only American investment firms with bitcoin positions can react. They sell
Bitcoin to raise capital to put into the Chinese market, bitcoin goes down. Then when the US market opens, they sell Nvidia etc. and buy back bitcoin (at a new lower price).

Meanwhile investment firms that don’t own (actual) bitcoin are stuck until American markets open, missing the Chinese gains, eating the BTC losses if they own etf’s, and trying their best to escape the Nvidia tumble…

Does everyone buy bitcoin now?