Replying to Avatar Habanero

Say they acquire both Grey Scales Trust of GBTC and the goverments silk road stack OTC (off market) they would easily have 2% without moving the market price.

Then say they hammer sell BTC original after the fork... think stock to flow... ~2.2 million coins currently on market, the new flow to stock is 20%

They would have to aggressively aquire their bitcoin BR, sure, but they will pull every dirty trick in the book limiting sells.

The SEC is 100% captured and on board with Blackrock
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Habanero 2y ago

The only defense I could see is a robust Bitcoin ETF market, with each ETF offering competing over the traits of transparency, blockchain verify-ability, and ease of redemption. If only the Blackrock ETF gets approved I think shenanigans are about to go down

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