Blackrock's ETF, perfectly timed to Bitcoin's bull cycle, absorbs orders of magnitude more demand than the underlying, pumping out promises into waves of greed spiraling up and up into a soaring crescendo, until the mountain of paper nothingness collapses into a whisk of oblivion, damning a generation of bagholders to bitter disgust of all things bitcoin.
Gensler is a maximalist who is trying to hold off on the ETF till closer to the halving.
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