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dr.fred | 9 months ago (raw) | export | reply | flag +1 
 Rajat Soni, CFA
@rajatsonifnance
·
2h
Blackrock's #Bitcoin    ETF now holds 63,488 #BTC   , up 6,859 from yesterday.

This is a MASSIVE increase.

900 BTC are issued per day and soon this will drop to 450.

Blackrock clients bought 7.6x the amount of BTC that was produced yesterday 🤯
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Decentralise | 9 months ago (raw) | root | parent | reply | flag 
 what does this mean for bitcoin?
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dr.fred | 9 months ago (raw) | root | parent | reply | flag 
 supply squeeze
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Decentralise | 9 months ago (raw) | root | parent | reply | flag 
 followed by a supply glut.  ETFs are a way for BR to keep BTC  undermined and controlled in order to protect fiat.  Thats why ETFs were approved.   They want to  hypervolatilize Bitcoin, even if it costs them.
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dr.fred | 9 months ago (raw) | root | parent | reply | flag 
 they cannot control anything. etfs are forced to buy it at any price
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chadlupkes | 9 months ago (raw) | root | parent | reply | flag 
 That's going to backfire on them. They can't control anything, they can only lock Bitcoin away, reducing the supply even further.