So there is around 600K #Bitcoin under $GBTC… Are they going to sell all their corn? 🌽
Discussion
They are going to manipulate the market. The unwoke will sell,
The woke will HODL
And they will buy what the unwoke sold to increase their reserves
Funds will always try to do what is best for the fund. They couldn’t care less about the asset or the people investing into the fund.
Very likely.
Many of them were sitting in very high % of unrealized profit, but I also believe a big part is selling GBTC to buy different ETF with lower fees.
I also believe it's also made on purpose that they can't directly move from GBTC into another without selling, so they will not only havebto pay capital gains, but also will create a big sell pressure so price wouldn't skyrocket and suits shorting it would not be OMEGA SQUEEZE..
..BUT IT WILL HAPPEN.
What happened to GameStop and RobinHood was a joke.. there will be no one to call and to deactivate the BUY button on Bitcoin, they still didn't get the difference.
