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I'll hazard a guess that we'll see an S-curve adoption pattern. So, it might continue accelerating for a bit, hit an inflection point, and taper off.
I also think if/when the US hits a severe downturn we'll see a rapid dump.
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Grayscale investors also has to finish dumping. Are they done?
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No idea. I don't track this stuff very closely.
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agreed, ETF holdings will continue to rise. not sure if it will continue to be this fast though.