Post
Topic
Board Speculation
Re: Does the dumping of bitcoin-backed shares have effect on BTC's price?
by
pawel7777
on 24/04/2024, 17:42:37 UTC
This will not have an effect on the price of Bitcoin, because when someone sells their shares, someone else will buy them, so the value of the shares will not fall. (...)

But isn't it like saying that dumping bitcoins would have no impact on the price because someone else will buy it, so it's just a change in ownership (which is obviously not true)?
Aren't the shares of the company, in the scenario laid out in the first post, essentially "wrapped" bitcoins (wrapped as shares)?
I already pointed out one mechanism of how the price could be affected in my post above. Just wondering if there's anything more to it that I'm missing.