sms on Nostr: If Bitcoin’s price were being suppressed, who would be responsible? Would it be the ...
If Bitcoin’s price were being suppressed, who would be responsible?
Would it be the custodians holding paper Bitcoin for institutions? The institutions selling paper Bitcoin to the public? The influencers convincing people to buy it? Or the people naive enough to trust what they’re buying is real?
Is Wall Street to blame for wielding market setting power through futures, ETFs, and custodians? Or is it the people who abandoned the spot market, allowing paper claims to dictate the price of real Bitcoin?
I don’t have all the answers, but one thing is clear: suppression only strengthens the case for self custody.
This entire system of paper Bitcoin could collapse if everyone took possession of their BTC. Because as long as demand isn’t 100% for real, on chain Bitcoin, there’s room for manipulation.
Paper Bitcoin is fiat; just as paper gold is fiat. It’s an illusion of supply, no different from printing more dollars or inflating the max Bitcoin supply. Yet few seem to recognize the implications.
Price suppression? People shrug it off. But millions of fake Bitcoin circulating in markets, diluting real BTC’s value? That should raise alarms.
The difference between real and fake Bitcoin is simple: you can’t take custody of fake Bitcoin.
Self-custody was never the problem. It has always been the solution.
Would it be the custodians holding paper Bitcoin for institutions? The institutions selling paper Bitcoin to the public? The influencers convincing people to buy it? Or the people naive enough to trust what they’re buying is real?
Is Wall Street to blame for wielding market setting power through futures, ETFs, and custodians? Or is it the people who abandoned the spot market, allowing paper claims to dictate the price of real Bitcoin?
I don’t have all the answers, but one thing is clear: suppression only strengthens the case for self custody.
This entire system of paper Bitcoin could collapse if everyone took possession of their BTC. Because as long as demand isn’t 100% for real, on chain Bitcoin, there’s room for manipulation.
Paper Bitcoin is fiat; just as paper gold is fiat. It’s an illusion of supply, no different from printing more dollars or inflating the max Bitcoin supply. Yet few seem to recognize the implications.
Price suppression? People shrug it off. But millions of fake Bitcoin circulating in markets, diluting real BTC’s value? That should raise alarms.
The difference between real and fake Bitcoin is simple: you can’t take custody of fake Bitcoin.
Self-custody was never the problem. It has always been the solution.