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I wonder with ETFs buying massive amounts and the halving to 3.125 whether the next bear market will have its 80% draw down as any big dips i would have thought will be bought up quickly by BlackRock / Fidelity and they’ll want to keep customers happy 🤷‍♂️

TheGrinder 1y ago

They have to buy Bitcoin as people buy their shares. If the cycle is over and Bitcoin corrects they'll have to sell Bitcoin as people sell their shares. So in short, we'll see if the paper hands will hold their paper Bitcoin.

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Discussion

BitcoinSandy 1y ago

In other words, massive sell off.

TheGrinder 1y ago

We will see but it's not up to the ETF issuer. not on a spot ETF.

BitcoinSandy 1y ago

I guess paper hands of the thinnest order. We’ve seen it countless times. Unless there’s a fiat collapse