50 sats \ 1 reply \ @elvismercury 15 Mar \ parent \ on: MicroStrategy’s Speculative Attack bitcoin
Good answer. I'm curious how much price movement that set of actions would induce. Like, if you punch the people who just got into the ETFs in the face really hard, how many of them spook? Seems like it would be a lot.
write
preview
27 sats \ 0 replies \ @grayruby 15 Mar
I think there are three subsets of etf holders. People who already had bitcoin exposure who are adding bitcoin to their retirement accounts via ETFs. People who didn’t have bitcoin exposure until ETFs and Wall Street firms (hedge funds, large financial advisory firms, family offices). I think 1 and 3 won’t be easily shaken out but 2 would.
reply