Replying to Avatar BTC_P2P

These clown-show ETF’s are likely all going to build bigger positions than MSTR eventually.

So if the average fund ends up “holding” double what MSTR “holds” now then ostensibly 20 Micro Strategy’s entered the market this month. That’s fucking insane.
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Mindaugas 2y ago

From where and how did they enter without raising the price? New money cannot enter without raising the price. Some entities just shifted their bitcoin from one pocket to another.

But I agree that this gave good publicity and opened new gate for new money. And so new money will enter, por buenos o por los malos, it will.

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BTC_P2P 2y ago

Grayscale sold as much as the new funds bought on net.

34
Mindaugas 2y ago

Exactly. Same passengers, different vehicles.

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BTC_P2P 2y ago

But over time the new funds will stack as much as ≈20 MSTRs and grayscale sell off will subside. It’s a crazy amount of sustained buy pressure that’s been added to the market.

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BTC_P2P 2y ago

Also isolated buying nor selling will necessarily move the marke as the rest of the market dynamics and subterfuge is still at play.