Jan. 12 at 6:07 PM
$BTC.X @Thumble Unfortunately I canāt help yall understand this is a big stupid game anymore than this. There isnāt much time left 2-5 years maybe? Since ETFās have become dominant vs the original vision of true p2p continuity. ETFās are simply replacing the original vision itās critical to understand at this point if BTC crashes by more than 20-30k in any given week the world economy reacts to it.
ETFās GLOBALLY own 1,491,240 which works out to be 7.1% of the 21M max supply that BTC can have on the block Chain. 1,294,085 of this Globally owned EFT BTC resides in the United States. That said if
$IBIT by BLACKROCK for instance sold its BTC supply of 773,897 (3.87%) of circulating supply the repercussions would be devastating on week long sell off. And nearly crippling on a Month long sell off as liquidation cascade selling would be very destructive. The reason I say this is a stupid game is everyone is letting
$MSTR control sentiment when they control less the
$IBIT $BLK.
