BitcoinStu on Nostr: I don't think anyone is manipulating the price of bitcoin. The only way to really do ...
I don't think anyone is manipulating the price of bitcoin. The only way to really do that would be to rehypothecate it and you see how that worked for SBF.
Naked shorting the most bullish asset in human history is a great way to get rekt. Because bitcoin is both absolutely scarce and the amount is known, it's only a matter of time until everyone who tries to rehypothecate it becomes insolvent.
These fund managers like blackrock are much too smart for that. Good way to bankrupt blackrock and go to prison.
Remember that it's major investors who buy those ETFs. Look at Madoff for an example of what happens when you mess with those guy's money... you die in prison
Naked shorting the most bullish asset in human history is a great way to get rekt. Because bitcoin is both absolutely scarce and the amount is known, it's only a matter of time until everyone who tries to rehypothecate it becomes insolvent.
These fund managers like blackrock are much too smart for that. Good way to bankrupt blackrock and go to prison.
Remember that it's major investors who buy those ETFs. Look at Madoff for an example of what happens when you mess with those guy's money... you die in prison