jake

jake's avatar
jake
zapjake@getalby.com
npub10q7n...senv
I like turtles. And bugs.
It just occurred to me that the friends that aren’t interested in BTC now will become suddenly interested at the roaring top β€” and then I will have to decide whether to warn them it’s no longer a very good idea, or take their blame for having promoted it to them (now) once they get rekt in the bear.
I don’t understand how a Blackrock ETF can work. As buyers pile in, price surges, and Blackrock is perpetually buying bitcoin to back those orders at a price slightly higher than each order was placed. Losing on every new participant. Don’t tell me they bought it all in advance β€” at some point they run out of pre-purchased supply. Don’t tell me they just use paper bitcoin β€” they will eventually be rekt like FTX.