THE BITCOIN SUPPLY SHOCK

in crypto •  3 months ago 

The Bitcoin supply shock.

BlackRock confirms that they have got all the Bitcoin that they're supposed to to back the Bitcoin ETF.

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source
I stand corrected. Now, what happens when money starts flowing back into the Bitcoin ETF?

BlackRock's got to start market buying. They, like everybody else.

What happens when the Sovereigns and BlackRock and maybe even the U.S. Treasury start getting involved?

I mean, I've said there is no more Bitcoin, but there is going to be a supply shock because Michael Saylor and all the over-the-counter dealers are probably going to start racing very soon, thinking that anything that they can get their hands on under 80K is cheap because they know the herd is coming.

But altcoins are telling you the herd is coming in Bitcoin and in the crypto space.

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  ·  3 months ago  ·  

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