"People just got a taste of what the ETF approval will feels like."
Exactly, the price pumped then dumped.
If you think Blackrock is your friend and has anything to gain by pumping AND holding Bitcoin, I have a bridge to sell you.
After the ETF approval, yes the price will pump, and yes it'll dump later.
Blackrock & Friends live and thrive on a fiat Standard, where the money supply is unlimited, and where they benefit disproportionately from the system through political lobbying, Cantillon effet, and price manipulation.
Going on a Bitcoin standard (with the Bitcoin price skyrocketing, and staying there) would mean all of the above is moot, and on top of that you'd have to produce actual work to expect reaping dividends and/or interest from your capital.
I wish there were more realistic and logical takes over wishful thinking, so feel free to tell me why I'm wrong.
Mysth
npub1mys…l302
2023-10-16 16:10:31
Author Public Key
npub1mysth000q4y3atmjm6yz0jnc30qr2shufqkgn797kk9ev5snsj0qpsl302Published at
2023-10-16 16:10:31Event JSON
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"pubkey": "d920bbbdef05491eaf72de8827ca788bc03542fc482c89f8beb58b965213849e",
"created_at": 1697465431,
"kind": 1,
"tags": [],
"content": "\"People just got a taste of what the ETF approval will feels like.\"\nExactly, the price pumped then dumped.\nIf you think Blackrock is your friend and has anything to gain by pumping AND holding Bitcoin, I have a bridge to sell you.\n\nAfter the ETF approval, yes the price will pump, and yes it'll dump later.\n\nBlackrock \u0026 Friends live and thrive on a fiat Standard, where the money supply is unlimited, and where they benefit disproportionately from the system through political lobbying, Cantillon effet, and price manipulation.\n\nGoing on a Bitcoin standard (with the Bitcoin price skyrocketing, and staying there) would mean all of the above is moot, and on top of that you'd have to produce actual work to expect reaping dividends and/or interest from your capital.\n\nI wish there were more realistic and logical takes over wishful thinking, so feel free to tell me why I'm wrong.",
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}