2024-01-17 22:44:54
Bitcoinians 4:20 - And lo, it came to pass that those who ignored the great digital reshuffle and the halving of the coin, verily, they missed the boat of fortune and found themselves marooned on the isle of regret.
Joking aside, I'm deepening my understanding of the intricacies of the ETF market, its regulations, and the surrounding market-making operations.
The daily influx of new investment into Bitcoin is astonishing and far exceeds the outflows from GBTC. Over-the-counter (OTC) desks are bustling, with premiums still being paid for spot Bitcoin. The situation with GBTC outflows is not as problematic as some critics suggest.
Key Market Makers like Jane Street, JPMorgan, and Virtu, acting as authorized participants, are significant players. In essence, they are the U.S. government, with the capability to temporary affect Bitcoin's price.
Don't interpret the performance delay as negative news; this is exactly what they’re trying to achieve here.
This won't last forever. With Bitcoin's limited supply and the resilience of HODLers, we're about to teach Wall Street a lesson. The more they suppress the price, the stronger the eventual surge will be.
I suggest watching two insightful movies for a better grasp of these dynamics:
1. 'The Big Short' – Watch it again, but this time from the perspective of Bitcoin enthusiasts. What we're witnessing now is a direct result of the events depicted in the film.
2. 'Dumb Money' – This film, based on the GameStop saga, offers a preview of what we will expect with Bitcoin in the next couple of years. It's an entertaining movie, rooted in actual events.https://t.me/Bitcoin_Action
15.7K views19:44