boy those ETFs were the juice bitcoin really needed eh (awful.systems)

submitted 1 year ago* (last edited 1 year ago) by dgerard@awful.systems to c/buttcoin@awful.systems

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that drop was one hour after the latest billion tethers

the new narrative is apparently that the pump is in 90 days when financial advisors are finally ready to push bitcoin ETFs on their customers (for some reason)

ETFs put bitcoin on steroids!! y'know, asthmatic with shrunken balls

the bitcoin market is fake and in tethers, but the retail securities market is real and in dollars

my brother in Satoshi, you are the exit liquidity

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[-] dgerard@awful.systems 6 points 1 year ago

yep. The bitcoin market is fake and priced in tethers, the securities market is real and priced in dollars. When the two collide, the vastly larger one with humorless regulators wins.

this post was submitted on 13 Jan 2024

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