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121 sats \ 8 replies \ @Undisciplined 16 May \ parent \ on: Over 600 firms reveal billions in combined investment in Bitcoin ETFs bitcoin
I wouldn't be so sure about that. These could easily be fair weather friends who will bail at the first sign of trouble.
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22 sats \ 7 replies \ @Satosora 16 May
oh, you think so? its not like they could unload all their bitcoin so fast.
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32 sats \ 1 reply \ @TheBTCManual 16 May
Who knows what kind of ponzis projects get spun up over the next year and how much leverage gets built ontop of that considering the size of the Bitcoin market now, the numbers will be nuts and can drive quite a frenzy, I can imagine some of these institutions are not ready for it
Going to be a hell of a ride im sure
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0 sats \ 0 replies \ @Satosora 16 May
Scams will always be scams. There will always be flies circling shit.
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32 sats \ 0 replies \ @gmd 16 May
https://pbs.twimg.com/media/ECjXp-HUIAMKt0Y?format=jpg&name=small
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110 sats \ 3 replies \ @Undisciplined 16 May
That probably means a faster price crash, more than a slower one. If they're trying to unload it and can't find enough buyers, then the price will fall until they either find enough buyers or hit their own reserve prices.
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21 sats \ 2 replies \ @Satosora 17 May
I dont know. I have a feeling we have reached our base for bitcoin pricing.
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10 sats \ 1 reply \ @Undisciplined 17 May
I think so too, actually.
It's just that these institutional investors aren't going to be the reason. They're not at all committed to bitcoin nor do they understand its potential, so they'll dump it stupidly over some FUD at some point.
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21 sats \ 0 replies \ @Satosora 17 May
That is true. They dont know what they are holding.
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