Replying to Avatar Sovereign Being

In an ETF world, people will never own the asset if supply is gradually soaked up by institutions, and it gives them more potential to manipulate the price.

It's not that it won't survive, it's that it won't be accessible to the people who need it most, since most supply would be via proxy.
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Shogun 2y ago

How much of the 19mil plus issued coins are in the hands of ETFs? It’s nowhere near a centralization risk.

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Sovereign Being 2y ago

It's barely been a week. They haven't even really started driving the price down yet with the next manufactured crises.

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Shogun 2y ago

So your base case is that the 19 million coins in circulation are going to be sold to the big financial institutions? Everyone who’s been holding for years is just going to capitulate? I honestly don’t see it

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Sovereign Being 2y ago

I wouldn’t say it’s my case. It’s a concern at this point.