Thank Cathie Wood for the cheaper sats if you bought the dip
ARK has been consistently selling Coinbase stock in recent weeks. Friday's is the largest sale since July, when it sold 480,000 shares worth $50.5 million at the time
Discussion
How does that affect price of sats?
Every time she sells a boat load of shares of coinbase the sats get cheaper .
Correlation? Or is there a cause in there somewhere? Ro you think Coinbase or someone else sells sats whenever she sells their stock?
Its a possibility there is a correlation
I have no facts to back it up however if you look at the times she has sold shares history has shown this is the case
She’s probably about to swap into Bitcoin lol
Sec vs Coinbase will probably be a market mover mid January 👀. I will keep on DCAing, I think lump sump is risky right now.
Coinbase is a custodian for many ETF trusts, many sponsors still undecided. They can't approve just Fidelity cause of market manipulation, so I think everything will be on hold for now.
Otherwise I probably would have go all in as soon as I get paid like I did in Sept, Oct, Nov. Investment discipline 💫
the only ETF that is not custodial that has a pending ETF is Fidelity .
All the rest seem to be in Coinbase Custody once/if approved .
the waters for the real satoshis are about to get real choppy in the next 6-8 months in my opinion
Yes, why i signaled out fidelity. Also someone has gemini listed I'm pretty sure.. But imo they will approve most at once, so they'll have to settle with coinbase first.
I think sec is right, coinbase was selling securities. So it could bring us some cheap sats.
We'll see.