Jackkluz on Nostr: The whole 180° spin and speed of the eth etf take being political bait for Biden ...
The whole 180° spin and speed of the eth etf take being political bait for Biden admin is such a normie take to believe imo.
Look at $ethbtc and $btc.d the trend is so clear and obvious. We know who the insiders are in crypto and the eth presale. Imo they are just using their power politically and pulling the levers to defend the eth price and thus the peg to bitcoin. Eth is the proxy for all of crypto.
Crypto is levered long via a short btc position. Ethbtc must have gotten close to the pain point for many institutions that are too big to fail.
The centralization of eth is so obvious. Fiat2.0
Its economics; not politics.
Published at
2024-05-23 21:29:56Event JSON
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"content": "The whole 180° spin and speed of the eth etf take being political bait for Biden admin is such a normie take to believe imo.\n\nLook at $ethbtc and $btc.d the trend is so clear and obvious. We know who the insiders are in crypto and the eth presale. Imo they are just using their power politically and pulling the levers to defend the eth price and thus the peg to bitcoin. Eth is the proxy for all of crypto.\n\nCrypto is levered long via a short btc position. Ethbtc must have gotten close to the pain point for many institutions that are too big to fail.\n\nThe centralization of eth is so obvious. Fiat2.0\n\nIts economics; not politics.",
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