byrgertidesson@iris.to on Nostr: from my understanding of ETF, they might be used to leverage short the underlying ...
from my understanding of ETF, they might be used to leverage short the underlying asset. The Blackrock ETF could then be a dangerous attack to bitcoin price. While we, privileged citizens, could stack cheap sats, many people will be hurt by this. I'm thinking about emerging small circular economies and poorer country citizens having all their savings in bitcoin. Also, this volatility could scare a lot of precoiners away. What do you think?
Published at
2023-06-19 17:30:49Event JSON
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"content": "from my understanding of ETF, they might be used to leverage short the underlying asset. The Blackrock ETF could then be a dangerous attack to bitcoin price. While we, privileged citizens, could stack cheap sats, many people will be hurt by this. I'm thinking about emerging small circular economies and poorer country citizens having all their savings in bitcoin. Also, this volatility could scare a lot of precoiners away. What do you think?",
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