20 sats \ 1 reply \ @SatoshiNakanodo OP 14 Nov 2022 \ parent \ on: FTX held less than 2 BTC 🤯 !! …Good news for Bitcoin sell pressure? bitcoin
Ah, this just dawned on me… Paper bitcoin keeps the price of actual Bitcoin suppressed. It’s also probably why the feds approved bitcoin futures but not an ETF. It’s like an escape valve on the escape valve.
You should check out Willy Woo's twitter thread take on "paper" bitcoin:
https://twitter.com/woonomic/status/1571062841595269120?t=VWb45fnx72cBlHVYPEKJwA&s=19
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