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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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55985579 No.55985579 [Reply] [Original]

If the entire market is waiting to pivot on a Bitcoin ETF that is, at this point, basically inevitable, then surely Bitcoin is going to lead the next run, right?
I hold zero BTC but I'm starting to feel like this is a stupid position to be in. I can't think of a scenario where alts lead BTC into bullishness.

>> No.55985596

Etfs are a scam and neither genx, millennials, zoomers or alpha cares two shit about etf scams. that's beside no shared reality

>> No.55985611

>>55985596
>Largest asset management funds on earth want to start spot ETFs
>Trillions of dollars under their management
>No one cares
Lmao

>> No.55985631
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55985631

who cares about an etf? it would pump and dump massively, they’re pushing so hard for an etf so they can have new exit liquidity. the whales don’t give a fuck about price, they need massive liquidity, that’s it.

>> No.55985679

>>55985579
What's the point of an etf for s digital asset? I can understand oil or gold but I can literally buy Bitcoin on any ebroker that would offer this.

>> No.55985697

>>55985679
Having an ETF changes its standing in a lot of other legal areas.
Take the Bank of International Settlements guidelines of bank custody of digital assets. Group 1 assets, which are the only digital assets/cryptos that global banks are allowed to hold, require an ETF. Which is why there are currently no Group 1 assets.
A spot ETF for Bitcoin would allow banks to hold up to 2% of their total reserves in Bitcoin, under current BIS guidelines.

>> No.55985705

>>55985579
Altcoins gonna lead the next run, spearheaded by RSR and FUN

>> No.55985709

>>55985611
Larry is one of the cancer lumps of the Clinton era stuck in 1998. Blackrock needs to go

>> No.55985715

>>55985579
I’m overweight BTC, gold, T bills waiting for real estate to breakdown so I can snatch up someone’s insolvent airbnb vacation home for pennies on the dollar

>> No.55985741

>>55985709
I don’t give a fuck what he is as long as he pumps those numbers up.

>> No.55985756

>>55985596
guess which gen holds the majority of the wealth

>> No.55986052

>>55985756
The generation that needs expensive medical care? Fuck, you are really forever stuck in the late 90s. Enjoy the flop. rehypothecation of a ponzi pyramid scheme that run its course in 2017. The stupidest plan a jew ever came up with to save his own skin. Larry is the epitome of a time that doesn't exist anymore

>> No.55986195

BTC is undervalued. Major alts even more.

Ethereum seem to be the only fairly valued/overvalued "legit" protocol in crypto.

>> No.55986267

>>55986195
I bet that way of trying to create shared reality and consensus would have worked in the late 90s with a tv audience of drooling boomers, not in the 22dt century

>> No.55986294

>>55985697
Holy fuck.

So it's not retail investors it's reserve banks? But would any country want to? Most reserve banks are "independent" so it's not political suicide for whatever party is in power if the price tanks...

Part of me says that institutional adoption is inevitable, other part of me says this is another south sea stock and it's all going to implode.

>> No.55986309

>>55986294
Define institution

>> No.55986323

>>55985579
I hold Bitcoin and Litecoin.
I need Bitcoin to come back down to $17k!

>> No.55986340

>>55985705
>FUN
Chad

>> No.55986534

This thing is going to flop harder than starfield