Fiat found a way. Paper bitcoin. So suspect they allowed an ETF before spot, but makes sense they would.
Not that spot matters when there’s the actual asset.
So many more derivative rug pulls to come, and they’ll inevitably point the finger at bitcoin.
That doesn't work if the fiat it's valued in loses its value substantively, or if the value of BTC futures unpegs from the derivatives market due to outside activity.
True, but won’t the price in fiat terms take a quick dive until the market washes it out? At least in the short term?
It all depends on how the numbers are being reported and manipulated, right? We know they are screwing with BTC through futures markets and DeFi, plus a number of other tactics, however that cant hold if the majority of BTC price action is off exchange. You would get massive arbitrage, and suddenly the futures market would implode. This may be why they are trying so desperately to choke off fiat <> BTC gateways, as well as harass exchanges out of business.
