So #bitcoin  etf wise, in the 1970’s when Gold was made legal to hold, price didn’t rise immediately, people front ran, bought the rumour, sold the news (thanks @TheMarketHuddle ), in the 2000’s gold took around 18 months to get running after #gld was launched. 

Also likely some front running and rumour selling went on, BUT, these events will have also given miners a chance to up production,and increase supply which would also suppress price,supply actually fell into into both events, pumping price before the event, #bitcoin  is different

As we know, into the #bitcoin  etf launch, supply will not change, supply will not grow following etf launch, and will actually be cut in half in April 2024. If the SEC actually does their job, another factor that suppressed #gld’s price was unaudited paper gold.

If these products are appropriately managed, this should not be possible as we should be able to validate reserves onchain for these #bitcoin  etfs, and if we can’t, I’d recommend moving your funds to a firm that can.

History does not repeat, but it can rhyme.Things will not play out exactly but we can learn from what went before. Games will be played,but it will be a lot more difficult to get away with it with #bitcoin ,don’t trust, verify. Bitcoin is not just gold 2.0, this time is different. https://image.nostr.build/334873c16d1896b228c55e3db2330e5c1499406f236f8549763df27b75a8ba2c.jpg