63 sats \ 3 replies \ @grayruby 24 Jun \ parent \ on: Mt Gox Dump Coming? bitcoin
Even if they only allocate 20% to eth which seems about right because eth products usually do about 1/5th the AUM as bitcoin products. That is still another half a billion in outflows.
You should also factor in the possibility of the Biden regime getting really draconian towards bitcoiners. Lots of bitcoin donations are flowing into the Trump campaign and I think that makes us more of a target.
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Maybe but I think they have lightened their stance on "crypto" because they know it is a losing issue. No one is a single issue anti-crypto voter but there are a lot of single issue crypto voters. I don't think it is as large a pool as the coinbases of the world like to purport but they obviously got spooked or the eth etf wouldn't never have gotten approved. Odds were at 15% and then suddenly Trump is coming out saying I will protect your bitcoin and crypto and a couple days later the etf is approved.
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Maybe so, but they started backing off before Trump started drawing lots of political donations in bitcoin.
I wouldn't underestimate how vindictive they can be. We would not be a difficult group to demonize, if they set their minds to it.
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