😂🤣🤣
That fiasco truly helped a lot Bitcoiner’s accumulate generational wealth.
If FTX hadn’t sold 1.4 billion in Bitcoin paper and destroyed that real demand, spot would’ve broken 100k easily.
If FTX hadn’t been exposed as a fraud, spot Bitcoin wouldn’t have bottomed nearly as low as 15k.
Now more than a year after FTX imploded they’re still beating up spot price as a repercussion of their fraud. Another good entry for a new class of plebs.
They also shined a bright light on GBTC as well, still being felt.
Thank you fat drug soyboi; a Bitcoiner salutes you. 🫡🫡
What’s the relationship between FTX and GBTC?
Interesting. So FTX holds GBTC and now is selling it.
Honestly, if the price only dipped this much even with all the coins being dumped on the market that’s really impressive.
Perfect occasion for this (bc smol dips are lame) 
I go into detail on this during the first 20 minutes of today’s episode if you want my take on it.
There's a big flow of these sold coins to the new e t f companies
