Post
Topic
Board Bitcoin Discussion
Re: Will you sell your bitcoin to blackrock?
by
koang
on 30/12/2023, 15:20:46 UTC

I'm asking this because if the funds get approved all at once there will be a large pressure on bitcoin's price and supply is, as we all know, limited.
Nobody buys bitcoin to sell it cheaper, so if they offer you $100k, they think it will go higher. If they offer $1m it's again going to go higher according to them.
Will you simply give it away once someone hands you $100k, or decide that it's cheap and they know more than they're willing to share?

With Bitcoin's value soaring over 160% in 2023, it's no wonder owning just 1 BTC is becoming a rarity.
Own 1 Bitcoin places holders among the privileged few.
Scarcity is starting to kick in, I know.
But The unrestrained greed enabled by the current spamming looks like a classical tragedy of the commons situation.