Good morning #coffeechain https://video.nostr.build/15b63f81f14671fad8a7a4fbf1f5569dfb05692d744eab6f068e98524bcb9527.mp4
Good morning. Enjoy your ☕. Looks delicious 😋
It's a way to get bitcoin by the government...
There are many examples in history (e.g. Byzantine Empire) when two monies/currencies existed. One for paying taxes to govt. which was gold or had high gold content and one for everything else incl. payment of govt. expenses, which was of lower or no gold content.
History might repeate.
ETF buying is a bigger deal than the halving in the short-medium term.
>10k BTC are bought every day by ETF's vs. a reduction of 450 BTC per day due to the halving.
In the long run the issuance reduction has an impact but this time the ETF's drive price action much more.
That's the difference to previous cycles, where daily demand was much lower and hence the impact of the supply cut was more significant.
👍 It's a tool. Those applying it decide the direction .
😄😄 have a good day.. ☕
Good morning. Enjoy the pumps.. 😄