If Blackrock ETF is actually approved, now they have to go and buy the goods, right?
I mean usually it’s buy the rumor, sell the news. But if this news is real, the news is they have to buy in size. And once they start, who is going to sell it to them at 30K?
No one with a brain cell.
Unfortunately we will see a lot sell at 50k, 68k, and 100k. Hopefully those of us on Nostr know not to give blackrock a single sat
They’ll get some, no doubt, but the psychology of hodlers will change too should there be an epic run-up. Would be hilarious if they got approval, triggered a bull-run, but couldn’t get enough to satisfy demand for their customers.
Price will rip UNTIL they can satisfy customer demand. 99% of us have prices we will sell x sats for, especially if you have a mortgage for instance
