Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
@BritishHodl
This is what a Spot ETF in the USA did to Gold for 8 years.
8 years of up on an asset with a flexible supply schedule.
What do you think is going to happen to #Bitcoin which has a fixed defined supply, that halves every 4 years, of which people that own the coins HODL 80% of them?
These bearish on #Bitcoin ETF people are either the stupidest people on earth, or have an agenda to be bearish.
Like the Gold sellers did when I was telling people to use GLD, they hated me because their business was dying.
Just on price - how can you be bearish on a Spot #Bitcoin ETF?
We can argue ideology and philosophy.
But we can’t argue financial physics of supply and demand.
https://x.com/britishhodl/status/1738294151869862253
This is what a Spot ETF in the USA did to Gold for 8 years.
8 years of up on an asset with a flexible supply schedule.
What do you think is going to happen to #Bitcoin which has a fixed defined supply, that halves every 4 years, of which people that own the coins HODL 80% of them?
These bearish on #Bitcoin ETF people are either the stupidest people on earth, or have an agenda to be bearish.
Like the Gold sellers did when I was telling people to use GLD, they hated me because their business was dying.
Just on price - how can you be bearish on a Spot #Bitcoin ETF?
We can argue ideology and philosophy.
But we can’t argue financial physics of supply and demand.
https://x.com/britishhodl/status/1738294151869862253
it took gold 1000days to make new ATHs after its ETF was rolled out
but #this time its different