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Replying to Avatar Sage

Given the high ETF inflows I am surprised the price of bitcoin is down recently.

I am concerned that the ETFs aren’t sharing proof of reserves.

My inner conspiracist is telling me there’s potential for paper bitcoin to exist in the market this next bull run - similar to how FTX created paper bitcoin, surpressing the price in the last bull run.

(Credit to bitwise for posting proof of reserves)

#grownostr #nostr #ETF #zap #bitcoin #pleb

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Sage 8mo ago

Still concerned

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