Reminds me of this quote: 
Life is harder when you take the easier path. Life is easier when you take the harder path.
True. And once you see it, you can't unsee it. It's brilliant. He's figured out how to serve Bitcoin by being a conduit to it's black hole nature. He's the tradfi Pied Piper of Bitcoin, rapidly bringing locked up pools of fiat capital (fixed income) into Bitcoin that otherwise could not get into it due to charters and/or regulations. A genius approach that moves the Bitcoin timeline forward much faster. Accelerate.
Given that there's only been one day of IBIT outflows to date, it seems to me that the following is basically what is happening with the shares of IBIT (as opposed to the actual Bitcoin). I'd be curious to hear what others think about this.
Weird. It should be properly connected now. Thanks.
This is awesome! Thanks for doing this.
Inside each of us, there is a consistent battle between the high time preference clown and the wise sage of low time preference.
What we put our attention on grows.
Feed the sage within and watch your low time preference grow.
Hey nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z
Since Bitcoin ETFs are cash-based, can an AP set up an agreement with someone to sell them outflow Bitcoin so that someone can build a BIG position without moving the market? Maybe even the ETF issuer or the AP themselves (ie Blackrock or JPMorgan)?
If this is allowed, then perhaps this is even the reason why the ETFs aren't going to be in-kind (initially)? Or maybe I'm just being paranoid? 🤷♂️