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10 sats \ 6 replies \ @kepford OP 9 May \ parent \ on: Imagine being bearish on bitcoin because of clowns in DC bitcoin
I suspect they aren't but the people that manage their wealth are.
I suspect most of the most wealthy elites own bitcoin or entities that own bitcoin. We know they are hypocrites of course.
Remember the Panama papers? All the behind the scenes double talk. That was a fun time.
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65 sats \ 5 replies \ @Satosora 9 May
Yes, I am sure the people managing their funds are purchasing bitcoin. Now there are more options, you know the inflow was massive! Where do you think that money was coming from? The politicians. They always want a piece of the pie.
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10 sats \ 4 replies \ @kepford OP 9 May
I don't think we've seen the ETF inflows yet if that's what you mean. I suspect people like Zuck have big stacks of bitcoin in cold storage. They just don't talk about it.
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0 sats \ 3 replies \ @Satosora 9 May
You think the inflow to the ETFs will increase? I thought the biggest inflow would be at its inception, but you believe something else? Im sure the rich have lots in storage, they always diversify their wealth! And not talking about your wealth is what truly wealthy people do.
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10 sats \ 2 replies \ @kepford OP 9 May
I do think it will increase. I could be wrong but that's what I think. I think many thought it would happen overnight. Let's see what it looks like in a couple years.
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0 sats \ 1 reply \ @Satosora 9 May
It can only go two ways. I dont think you are wrong, I think it will also increase over time. I dont know exactly which etf will, but eventually one will rule them all.
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0 sats \ 0 replies \ @wize123 9 May
not necessarily. for example there are multiple s and p etfs. SPY used for trading and then each brokerage has their own
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