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

/biz/ - Business & Finance

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File: 114 KB, 1280x1280, snail.png [View same] [iqdb] [saucenao] [google]
55403225 No.55403225 [Reply] [Original]

Day 704 of snailposting every day until BTC is at 100k

>> No.55403305

>>55403225
Wow, almost at the 2 year mark. Waging all this time has been fucking gay.

>> No.55403380
File: 424 KB, 1280x1280, mumenriderandfriends.png [View same] [iqdb] [saucenao] [google]
55403380

>>55403225
I am with you

>> No.55403394

ganbare snail-kun

>> No.55403420

when 90% dump comming in?????????????????

>> No.55404471
File: 65 KB, 381x400, hello and welcome to cryptosrus im george were all george lets see whats happening in the markets today.jpg [View same] [iqdb] [saucenao] [google]
55404471

>>55403225
"From our perspective, and based on conversations with sell-side desks, this rally was led by institutional buyers," said Wes Hansen, head of trading and operations at crypto hedge fund Arca.

At crypto broker Genesis Trading, "dozens" of top-tier clients have increased their exposure to bitcoin following the BlackRock filing, said Gordon Grant, managing director of sales and trading.

A spot bitcoin ETF could rebuild investors' confidence in their ability to move U.S. dollars in and out of cryptocurrency, after the collapse of crypto lenders Signature, Silvergate and Silicon Valley Bank in the United States earlier this year, Grant added.

"The market is now pricing an ability to put a significant amount of fiat - if there is the volition to do so - into bitcoin, and that is such a significant development."

Luuk Strijers, chief commercial officer of crypto derivatives exchange Deribit, said that he'd seen a significant increase in call buying, pointing to "bullish momentum."

To be sure, the SEC has yet to approve BlackRock's application and it has so far rejected proposed ETFs that track bitcoin from the likes of Fidelity and Cboe Global Markets. The SEC has cited concerns about market manipulation in such products. Digital asset manager Grayscale had its proposal for a spot bitcoin ETF rejected last year.

"In previous spot ETF rejections, the SEC has cited concerns about market manipulation, and BlackRock's application appears to take a different approach to address this sticking point," said Riyad Carey, a research analyst at Kaiko.

>> No.55404479

Snail is WEAK.
Snail gets STOMPED on.

>> No.55404706
File: 118 KB, 354x609, 1620431266817.jpg [View same] [iqdb] [saucenao] [google]
55404706

Cheers, OP.
See ya tomorrow.

>> No.55406468

>>55403225
bump

>> No.55406557
File: 116 KB, 575x596, 1674859560005604.png [View same] [iqdb] [saucenao] [google]
55406557

>>55403225

>> No.55406587

>>55403225
Halving coming in 2024

>> No.55407553

>>55403225
can't believe we have come so far snail anon

>> No.55407574
File: 38 KB, 585x575, 1648927721023.jpg [View same] [iqdb] [saucenao] [google]
55407574

>>55403225

>> No.55409077
File: 81 KB, 976x983, tchck-tchck.jpg [View same] [iqdb] [saucenao] [google]
55409077

We're almost one third of the way there boys.

>> No.55409095
File: 2.67 MB, 2000x1573, snail.jpg [View same] [iqdb] [saucenao] [google]
55409095

>>55403225
O snail
Climb Mount Fuji
But slowly, slowly

>> No.55409108

>>55403225
What if BR dumps us before start of bullrun i think they will. Theres always a dump before

>> No.55409188

>>55403225
AAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHHAAHHAHAHAHAAHHAAH

>AHAHAHAHAHAHAHAAHAHAHAHAHAHAHAAHAHAHAHAHAHAAAHAHAHAHA

18 MONTHS! MORE! ATLEAST!

>> No.55409352

Cute!