Does it seem like the bitcoin etf may hurt price action long term which will hurt adoption.
They will hold the underlying asset.
When buys and sells happen at a consistent rate, they are trading paper bitcoin back and forth.
If the buys outpace the sells, they are making purchases over a large auction to avoid moving the market prices much.
What do you think?
Do most people like the alure of tax advantaged bitcoin?
How much will it hurt self custody and organic price movement?
/\ °-° /\ / Technomancer
npub145…gamtx
2024-01-22 21:25:06
Author Public Key
npub145d3l8lnuwnqpdp5nqc9wae6au3a5ytszchfxvhlu3vdw3p7shmqhgamtxPublished at
2024-01-22 21:25:06Event JSON
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"content": "Does it seem like the bitcoin etf may hurt price action long term which will hurt adoption.\n\nThey will hold the underlying asset. \n\nWhen buys and sells happen at a consistent rate, they are trading paper bitcoin back and forth.\n\nIf the buys outpace the sells, they are making purchases over a large auction to avoid moving the market prices much.\n\nWhat do you think?\n\nDo most people like the alure of tax advantaged bitcoin?\n\nHow much will it hurt self custody and organic price movement? \n\n\n\n\n",
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