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tolot · 83w
#Bitcoin is really going to be mainstream after those fellas get onboard The question is: is the mainstream-ness of #Bitcoin going to increase its circulation? Or will everyone be sitting on piles of ...
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GrumpyGardener @GrumpyGardener
I'm convinced it means the same thing it means for gold. The ETF's convert Bitcoin to paper Bitcoin. Then we're back to the same old antics.

They're in it because the ETF's are selling. As long as they have custody of the Bitcoin, they can short sell the hell out of it and manipulate price with futures and options.

Their adoption creates control of the price trends as long as we're priced in dollars.
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tolot · 83w
That's for sure with regards to the bankers
AZmako · 83w
That's my fears too....I am farly new to it, but it just seems they are already controlling the price of it, which makes it harder to use it instead of just hodling it for someone who doesn't have much due to the fiat price being so high, and trying to save it for future generations.
Brett Phillips · 83w
I do agree with you but I also think it’s a game that they can only play for so long. Let’s consider a large player shorting the ETF via borrowed shares. The depressed price of the ETF triggers market makers to convert shares to BTC to sell for cash to buy shares to bring NAV to equilibrium. As...