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30 sats \ 5 replies \ @southside263 2 Nov 2023 \ parent \ on: What do you think the next major win for bitcoin will be? bitcoin
ETF will be the new coinbase - new touch point for the bitcoin rabbit hole 💡
I hope so!!
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Etf will be weaponized just like the gold etf will suppress price somewhat I see like the gold etf did however this is more scarce so it'll only be a matter of time before price rises unless etf increases its paper assets over holdings then I could see a decoupling or an attempt to surprise btc price
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They may actually be incentivised to elevate price for a short duration, say 6-12 months. With an ETF in play. Attract interest, discourage custody and then tug on the rug.
A) easier to tax
B) easier to relinquish custody from citizens
C) helps dig them out of their debt burden
D) helps recapitalise a ‘new system’
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Maybe the difference between gold ETF and Bitcoin ETF here is that we can audit the real supply easily.
I don't fully understand how the $$ settled futures ETFs can manipulate BTC price, but how will the spot ETFs sell more BTC than they own if we know how much BTC they own? It won't be hard to call them out on that if they try to get sneaky.
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The could dilute it like they do stocks 🤔 the splits if they say they want to give people more exposure to bitcoin at a cheaper price they will be the abitures of truth for paper bitcoin we shall see how it plays put and what changes they propose to their paper coin
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