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110 sats \ 3 replies \ @Undisciplined 16 May 2024 \ parent \ on: Over 600 firms reveal billions in combined investment in Bitcoin ETFs bitcoin
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.
I dont know.
I have a feeling we have reached our base for bitcoin pricing.
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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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That is true.
They dont know what they are holding.
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