Nostr

Muslim Bitcoiner 4mo ago

Some big Bitcoin buys today:

- Saylor’s Strategy: $96 million

- Metaplanet: $632 million

- Strive: $675 million

- Capital B: $62.2 million

TOTAL: $1.47 BILLION Bitcoin bought this morning.

And the price went down a few percent, despite all of these huge million $ buys.

I want to repeat: I NEVER want to hear how the price of Bitcoin is being manipulated.

If you make this claim, you will be mocked, and after that I'm going to make you read Rothbard's The Mystery of Banking, chapter 2, titled "What Determines Prices: Supply and Demand"

Reply to this note

Please Login to reply.

Discussion

Chris Krause 4mo ago

This guy agrees:

SuiGenerisJohn 4mo ago

I like you.

LogicallyMinded 4mo ago

I’m still hearing a lot about a supply chock incoming because of #Bitcoin scarcity coupled to the buy pressure created by ETFs and treasury companies but #BTC is not as scares as it used to be. A lot of the supply is now available for lending because custodied by participants who lend BTC to short sellers. I don’t know if it means the price is going to go up or down in the long run but it changes the price dynamic by giving more control to the big boys looking to move the price where they want it to be.

nostr:note10hz5pzjyvssfmjtn84d5uddjheq85sdrsmqhd6m4jfctyg4e55gqkh0k8f

BTCrevolutionary 4mo ago

Is this something to be celebrated?