10 sats \ 2 replies \ @BlokchainB 1 Nov 2023 \ parent \ on: Is anyone worried they're consuming too much hopium? bitcoin
While I do think social media hypes this for clicks and views I must say the Gold ETF might be evidence of what the market will do once they can get price action on Bitcoin. All of these firms are asking for a spot ETF because that’s what the customers want.
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0 sats \ 1 reply \ @nullcount 1 Nov 2023
IMO a reaction similar to a gold etf is not a likely outcome. Boomers control most of the capital and boomers love their shiny rocks. Some of them even remember when USD had gold backing
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10 sats \ 0 replies \ @BlokchainB 1 Nov 2023
I disagree people are greedy especially boomers. It’s most of the boomers who do business with Blackrock. YTD gold is what flat and BTC is up 100% greedy boomers see this and say hey I been sitting in this GLD ETF since Jan and it hasn’t done anything for me but if I had that Bitcoin ETF back in January I would of doubled my money
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