The fact that institutions are buying massive amounts of #Bitcoin and the price is doing nothing to me is evidence that (A) a lot of IOUs are being sold, not physical or/and (B) it doesn't take much printed money to covertly suppress and rug a bull market.
Discussion
Gold bugs have been saying this for decades. They might be right.
Print money. Buy ETH. Sell ETH-BTC spread. Leaves them long BTC, sell the BTC.
Price suppressed. BTC goes nowhere.
Fake manufactured liquidity, by design.
What's going to happen is the spot market for BTC will be non existent. You will be able to buy bitcoin ETF shares. BTC will then be controlled through the ETFs and CME futures market.
Cucked BTC the same way gold is.
What's your opinion on which is driving it more atm? I'd say the paper Bitcoin is exploding.