Thank you so much First time someone is appreciating my ideas here on stacker.news
Everything including bitcoin can be manipulated. Not limited to Gold and TradFi Manipulation in bitcoin may be limited becuase the blockchain is public and transparent. But as ETF comes , power to dictate the price of Bitcoin also comes with that. Look at the way the GBTC is filing for covered calls.
But i think bitcoin wont be that easy. Covered calls on a volatile asset like bitcoin is height of stupidity i think Even for GBTC. May be they would start with covered calls for 50000 or 100000 bitcoins.
Thank you so much
First time someone is appreciating my ideas here on stacker.news
Everything including bitcoin can be manipulated. Not limited to Gold and TradFi
Manipulation in bitcoin may be limited becuase the blockchain is public and transparent. But as ETF comes , power to dictate the price of Bitcoin also comes with that. Look at the way the GBTC is filing for covered calls.
But i think bitcoin wont be that easy. Covered calls on a volatile asset like bitcoin is height of stupidity i think Even for GBTC. May be they would start with covered calls for 50000 or 100000 bitcoins.