You must not have seen the posts in which BTCETFInvestor had already told us that he is investing 8 figures, which surely strongly suggests that he is either a grown up or he is a very smart youth..
oh you read his posts... you are really working your ass off aren't you..
Sometimes JJG feels like a superhuman bot. I'm sure I'm the first to say that here.
@OgNasty - It would clearly be bad mistake selling at $140k when 7X that amount ($1 million) is just six or 7 years away in 2031/2032 - unless of course you don't expect to still be around then.
You must be very young. It's not about still being around. Go through a pair of cycles, add 10 or so to your age, and you might begin to understand some grown up talk.
You must not have seen the posts in which BTCETFInvestor had already told us that he is investing 8 figures, which surely strongly suggests that he is either a grown up or he is a very smart youth..
You're right I didn't. I've been skipping some lately. So my apologies to you, BTCETFInvestor. It's not immaturity. It's preposterous overaccumulation.
@OgNasty - It would clearly be bad mistake selling at $140k when 7X that amount ($1 million) is just six or 7 years away in 2031/2032 - unless of course you don't expect to still be around then.
You must be very young. It's not about still being around. Go through a pair of cycles, add 10 or so to your age, and you might begin to understand some grown up talk.
Not mentioned: maybe dump your ancient, near zero cost coins into a treasury security origination for fiat spot coin share cost basis without realizing any cap gains?
In-kind redemption is now a thing, at least for the "authorized participants". Is the issuance of shares with in-kind payment already a thing? I seem to remember it would only be possible by the authorized participants on initial fund creation.
Inventor Of Diamond Hands Meme Warns Against Digital Asset Treasuries
When a redditor who pioneered buying Bitcoin on student loans over a decade ago starts warning about leverage risks, retail investors should pay attention.
the SEC and FINRA investigate suspicious trading patterns around crypto treasury announcements
Crypto Bros Attract Regulatory Attention
There might be some truth to all the FUD though. The most interesting bit is here.
Quote
The Digital Asset Treasury Company Exit Vehicle Theory
Crypto industry analyst Ran Neuner argues that treasury companies function as sophisticated wealth transfer mechanisms rather than genuine crypto accumulation vehicles. His analysis suggests these companies aren't actually net buyers of crypto in meaningful quantities. Instead, they serve as redistribution mechanisms allowing crypto insiders to exit positions at premium valuations.
I won't copypaste or summarize it all, though. It's not a long read and it's worth the time. At least, it offers the reader a glimpse from a different angle.