Oddbean new post about | logout
 💥NEW: #Bitcoin  ETFs had a HUGE $1.04 BILLION inflows yesterday, smashing a new record! https://image.nostr.build/dccaf970859839af8997156908085330e7d6a645dfcffbbcd2ec5cc11d8dcb33.jpg  
 That’s why we have ATH today 
 Front running Blackrock for the past few years was fun while it lasted 🫡 
 Why is the chart 40+ weeks long? 
 It’s got to be days or maybe they’re counting futures? 
 “Days” tracks with the note text 
 Okay, yeah... "trading" days makes sense.  So used to 24/7 markets, I totally forgot to account for that! 🤣 
 Days. Ai is not perfect and I didn’t check 
 I don’t like ETF’s having Bitcoin. It leaves an even more limited supply for normal folk that want to use it for its intended purpose p2p. 
 Fiat mindset. You don't need more units in the system to make it work better. Bitcoins are divisable down to a 100 millionth, which leaves heaps of granularity. Even if all bitcoins apart from 100,000 were lost, that would be enough. 
 Once those bitcoins/sats are in etf custardy/storage they ain’t coming back out is more my point. Nothing to do with it working better, it works just fine. 
 Like I said, even if the Bitcoin's were effectively burnt or lost, this makes no difference on the useability of the remaining Bitcoin. 
 Weeks should be days in this bar chart of ETF inflows, but any real #bitcoiner is likely to miss it, because sane people don't think there are only 42 days in 2 months 😎


nostr:nevent1qqs8etly5ar709zumxzp2yvg9k07lx3dfe7tt2z4zcafu2z2yaqzumgpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzpf0f8thcaqsvh3at0d3qt7z5hpaw6j6gchmtxramawjun8jqmnelqvzqqqqqqy5gkmtk 
 Yeah it’s days. Ai not perfect. 
 Still warming up!