jake on Nostr: I don’t understand how a Blackrock ETF can work. As buyers pile in, price surges, ...
I don’t understand how a Blackrock ETF can work. As buyers pile in, price surges, and Blackrock is perpetually buying bitcoin to back those orders at a price slightly higher than each order was placed. Losing on every new participant. Don’t tell me they bought it all in advance — at some point they run out of pre-purchased supply. Don’t tell me they just use paper bitcoin — they will eventually be rekt like FTX.
Published at
2023-08-03 18:54:23Event JSON
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"content": "I don’t understand how a Blackrock ETF can work. As buyers pile in, price surges, and Blackrock is perpetually buying bitcoin to back those orders at a price slightly higher than each order was placed. Losing on every new participant. Don’t tell me they bought it all in advance — at some point they run out of pre-purchased supply. Don’t tell me they just use paper bitcoin — they will eventually be rekt like FTX.",
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