justBrian on Nostr: If the etf banks buy all their bitcoin in bulk...and never move it...then just swap ...
If the etf banks buy all their bitcoin in bulk...and never move it...then just swap IOUs with each other in their coinbase accts...it means they capture all the value from the buying and selling if the etf and it won't affect actual price a pleb would sell on the open market at all. They are never going to market and gonna buy btc from us. So essentially literally nothing changes except that coinbase has 11 new accounts in their database. Lolz, time to move on 😂
Published at
2024-01-18 21:04:53Event JSON
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"content": "If the etf banks buy all their bitcoin in bulk...and never move it...then just swap IOUs with each other in their coinbase accts...it means they capture all the value from the buying and selling if the etf and it won't affect actual price a pleb would sell on the open market at all. They are never going to market and gonna buy btc from us. So essentially literally nothing changes except that coinbase has 11 new accounts in their database. Lolz, time to move on 😂",
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