Most of you have experienced 80% drawdowns in #Bitcoin price and can weather the volatility. What happens when traditional finance, #ETF holders, experience their first bear market of that magnitude? My bet is that BTC will be blamed when the economy contracts.
Discussion
100%, if there is ever a 6102 moment where govt tries to “take it over to fix bitcoin” or aggressively attack individual use of it, that’s when it will happen. It’ll be in the bear market to fill this bull.
It's only going to get more volatile from here out. There will be massive price swings as liquidity drops and the system seizes.
ETFs will begin to trade above NAV because the funds will not be able to source the btc.