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When tradfi sees an exogenous shock that leads to panic selling and volatility spiking, how will bitcoin stand to absorb a potential $5b+ multiple day outflow? All those people cheering the ETF wrapper and pounding on the table saying supply side crises, fail to see the downside of one way street in and out of these institutional investment products. The higher number of bitcoin held in ETFs, the greater the risk of this day being the first real black swan event in bitcoin. #bitcoin

Joey 1y ago

I think if you are prepared it will be more like an opportunity.

If you see it as a potential event where lots of people get burnt. It will be. I think we shall not protect people from bad events, but we shall make them smart enough to notice them.

You can't protect everyone and everytime, so you just make them dependent. I am on the side of independence and knowledge.

Maybe I see it wrongly.

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Discussion

Metaverse_Nomad_23 1y ago

I think it definitely is an opportunity (if it comes) to buy bitcoin at extreme discount amid a price shock and magnified sell pressure from institutions. But I also think this could be devastating and harmful particularly to those on a bitcoin standard (100% or close to all in bitcoin)

Joey 1y ago

True! That is what I meant, that you have to be prepared for such events.