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Replying to Avatar Samson Mow

The most important thing with the #Bitcoin ETFs that most people seem to miss is the rate of accumulation.

The last few $MSTR mega-stacks (over 10k BTC) were 14.6k and 16.1k BTC.

IBIT’s average stack is ˜$200M/day or 4.7k BTC.

FBTC’s average stack is ˜$175M/day or 4.2k BTC.

So every 2 trading days, just 2 of the New Nine are hoovering up what MSTR does in a good month.

But more importantly, the IBIT/FBTC intake is ˜9k BTC a trading day. Mining only supplies 900 a day. So demand from 2 ETFs alone is 10x supply. Supply is going to get cut in half in less than 3 months, which means this demand will be 20x supply.

And this demand is just 2 ETFs. Don’t forget MSTR, Tether, and many more corps are also accumulating, along with nation-states, HNWIs, and plebs.

Plan accordingly.

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aoeu 1y ago

Big difference is that MSTR is a single entity while the money flowing into the ETFs comes from many people/institutions. So Blackrock, Fidelity, etc don’t actually own all that BTC themselves.

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Lyn Alden 1y ago

Good to see users still use the shared swap pool! 🔥🚀‬

https://altcryptogems.com/

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aoeu 1y ago

Is this really you, nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a ?

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