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

  • gerikson@awful.systemsEnglish
    8·
    10 months ago

    Yeah, that’s my take too.

    Crypto has a “base utility” for illegal activity. Say the price for BTC based on that is 10% of the current inflated price. Integrating BTC into the traditional financial market would in the near term drive down the price closer to the “base price”, as well as closing off a number of avenues to add “dirty” money into the system.

    • David Gerard@awful.systemsOPMEnglish
      6·
      10 months 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.