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279 sats \ 7 replies \ @faithandcredit 20 Sep 2023 \ on: Stacker Saloon
No reason to be bullish unless something bullish happens? And 90% of the threads on SN are not about adoption they are meme threads. Its 2023 and bitcoin cannot survive on memes anymore. Adoption is needed. But its not going to happen? So take care
IMO next influx of capital will come from ETFs (unlocking capital from institutions and retirement funds). Retail is too poor right now. So I agree short-term is crabby / bearish.
The funniest outcome would be if the halving does absolutely nothing for the price. I can sort of believe this because a) supply cut weakens with each cycle, b) priced in, c) mEth tried cutting net-issuance to near-zero and it's done nothing for them. I think it would be healthier for Bitcoin if we stopped getting these crazy cycles.
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i think ppl are stupidly underestimating what the spot etf will do
have read all kinds of dumb "already priced in" comments
trillions are gonna pour in
BUT ITS ALL PAPER BTC F***
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Imagine if BlackRock gets into degenerate trading and subsequently rugs everyone.
I'm not so convinced ETFs are nearly as bullish for price as everyone expects, but it's something.
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Preach.
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