GrumpyG on Nostr: I'm convinced it means the same thing it means for gold. The ETF's convert Bitcoin to ...
I'm convinced it means the same thing it means for gold. The ETF's convert Bitcoin to paper Bitcoin. Then we're back to the same old antics.
They're in it because the ETF's are selling. As long as they have custody of the Bitcoin, they can short sell the hell out of it and manipulate price with futures and options.
Their adoption creates control of the price trends as long as we're priced in dollars.
Published at
2024-07-17 23:13:26Event JSON
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"content": "I'm convinced it means the same thing it means for gold. The ETF's convert Bitcoin to paper Bitcoin. Then we're back to the same old antics.\n\nThey're in it because the ETF's are selling. As long as they have custody of the Bitcoin, they can short sell the hell out of it and manipulate price with futures and options.\n\nTheir adoption creates control of the price trends as long as we're priced in dollars. ",
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