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200 sats \ 6 replies \ @DudeJLebowski 8 Feb \ on: Fidelity is now allocating spot Bitcoin to their All-in-One Conservative ETF bitcoin
This is absolutely huge.
There is an absolute mountain of money allocated to these ETFs, if even 1% of it is allocated to Bitcoin the results are just so ridiculous it's hard to think about. This bull market could be absolutely insane.
Yup. Melting faces huge!
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bitcoin is starting to show its real face. just a pump and dump fueled by fomo?
Post halving in a couple months hashrate is probably going to decrease significantly, which will set the trend for the following halvings and it is no longer defensible for bitcoin to have a trillion dollar market cap it seems. The people who "invest" now have no idea about this and those who do are going to sell soon :)
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You think people are investing in btc as a function of its hash rate?
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Yes. The most decentralized computer network in the world getting even stronger. Um yes please. More unstoppable
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This is for the Canadian fidelity ETF, which is not huge. A couple hundred million or so.
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This is a start. I consider it a pilot. It will expand
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