Glenn on Nostr: While I will never buy a #Bitcoin ETF their ability to stabilise the price is likely ...
While I will never buy a #Bitcoin ETF their ability to stabilise the price is likely a good thing.
Fund manager Bob allocates 1% of portfolio to #Bitcoin … when the price rises a lot Bob Sells to maintain the 1%.
The price drops, and he buys.. this could actually save us from all the laddered longs capitulation that we see with the crazy leverage that builds up in bull markets.
Price stability will likely drive further adoption as those with paper hands or those who cant risk the downs would be happier to hold / use.
Fund manager Bob allocates 1% of portfolio to #Bitcoin … when the price rises a lot Bob Sells to maintain the 1%.
The price drops, and he buys.. this could actually save us from all the laddered longs capitulation that we see with the crazy leverage that builds up in bull markets.
Price stability will likely drive further adoption as those with paper hands or those who cant risk the downs would be happier to hold / use.