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Yup. Melting faces huge!
bitcoin is starting to show its real face. just a pump and dump fueled by fomo?
Post halving in a couple months hashrate is probably going to decrease significantly, which will set the trend for the following halvings and it is no longer defensible for bitcoin to have a trillion dollar market cap it seems. The people who "invest" now have no idea about this and those who do are going to sell soon :)
You think people are investing in btc as a function of its hash rate?
Yes. The most decentralized computer network in the world getting even stronger. Um yes please. More unstoppable
This is for the Canadian fidelity ETF, which is not huge. A couple hundred million or so.
This is a start. I consider it a pilot. It will expand
This is absolutely huge.
There is an absolute mountain of money allocated to these ETFs, if even 1% of it is allocated to Bitcoin the results are just so ridiculous it's hard to think about. This bull market could be absolutely insane.