Nothing stops the demand for dollars! NOTHING.
Swan with all their issues and troubles never allowed their users to sell Bitcoin for dollars well that all changes today.
I fully expect Swan will boost revenues on Bitcoin sales with some sort of fee or spread that all these companies do when going in and out of bitcoin
This is a bummer. It's one thing I really liked about Swan - you just buy and move to cold storage. If it weren't for the IPO/Tether drama, it seemed like they were going to keep doubling down on that strategy.
Darth is happy
People are actually buying dollars???
Laughable.
Of course, it allows it...in principle, there are convinved right now why holding Bitcoin is good...and if you buy it below the market price, it's better (because of commissions, fees, etc., they can buy it below the market price...they will practically become Bitcoin owners by selling dollars).
That's good