Here's what the money printer does:

1. Creates a paper bitcoin via non-spot ETFs and other products
2. Makes the paper bitcoin price the ruling price, broadcast that price on all the media. They do this with gold, the ruling price is not the spot price, it is the nearest futures derivative price(paper)
3. Prints infinite money and shorts the paper bitcoin or shorts the real bitcoin or both , or  just oversupplies the paper bitcoin. The money and the paper bitcoin is infinite.

Job done. People cheering paper bitcoin are in for a traumatic awakening