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28 sats \ 7 replies \ @Undisciplined 14h \ on: Twenty One Capital: You Can Just Do Things (Bloomberg, Matt Levine) econ
Shouldn't they be buying up tons of Bitcoin at $93k if they can "sell" it at $270?
Either that's not quite right or they're very very stupid.
I think they are? that's the financial engineering they're engaged in, no
(just limits to arbitrage etc kicking in)
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Is it just literally the time required to make the required financial moves?
The assertion is that a 3x is just sitting around staring everyone in their stupid faces, while we fail to capitalize on it.
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Yes.
Again, plenty of trapped capital in fiatland and limits to redemption and shorting. Makes some semblance od sense to me
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Ok, it makes some sense to me too.
What does this do for your bearish thoughts on bitcoin price?
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Not sure yet... It's things like these that make me wonder why on earth the price isn't 500k or something
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