Syndrome on Nostr: Fidelity allows users to buy Bitcoin through their Digital Assets portal, not just ...

Fidelity allows users to buy Bitcoin through their Digital Assets portal, not just through the ETFs. So, Fidelity is buying and HODLing Bitcoin on my behalf, which means they probably have ownership of a lot more Bitcoin than what $FBTC shows.

Now add the fact that Blackrock and the other brokerages probably offer a similar service/product outside of the ETFs.

Add the handful of supposed nations buying Bitcoin.

Add the millions of plebs stacking sats every day.

...

There is no supply, there is only demand.