here you go
i am telling you that for months and warning you
monero will never get an etf
Bitcoin News
@BitcoinNewsCom
Β·
11h
NEW: Wall Street has more control over #Bitcoin price after the introduction of ETFs, per hedge fund manager Mark Yusko.
He argues that institutions are dumping the price by shorting Bitcoin in futures markets, a common tactic used for price manipulation.
1. i agree monero will never get an etf
2. its better for it
3. wall street will short bitcoin futures as long as they earn a carry - similar to funding rate on perps
4. when that carry compensation goes away in periods of low volatility or lack of pump they will stop
5. in my book thats not price manipulation - they short to earn, take risk of blowing out
6. a gamestop moment is required to keep em honest
7. its all so tiring, see #2
#monero
#bitcoin i still love it
The big unknown is to which extent the #Bitcoin ETFs enable fractional reserves. This would be more akin to manipulation.
interesting. fractional shares as in more etf shares than bitcoin held? or as in all custodied bitcoin is paper bitcoin making all shares fractional?
point 6 is imminent!
Get your genetically modified popcorn on time!
πΏ
denominating and comparing #Bitcoin to falling fiat currencies is a futile exercise.
#Bitcoin's fixed supply and decentralised nature make it a superior store of value, free from government manipulation.
Endless #money printing erodes the value of fiat currencies, while #Bitcoin's limited supply ensures its value remains stable and protected from #inflation.
Counting #Bitcoin in fiat terms is like measuring the universe in inches - it might give you a sense of scale, but it fundamentally misses the point of its true nature and #potential.
Embrace the #future, and let #Bitcoin's value to be determined by the free market, not by association to any failing fiat currency!
1 #BTC will always be 1 $BTC
Let βem manipulate. We know.
Trust the process. #bubbleconomics
