plebiANON on Nostr: I remain convicted in my belief that there is not enough Bitcoin for sale for the ...
I remain convicted in my belief that there is not enough Bitcoin for sale for the institutions right now. People are trying to gain price exposure by buying mining companies, MSTR, and other Bitcoin adjacent “derivatives”. I think any marginal buyer of any substance is leading to crazy, bid up buying, and they are trying to figure out how to navigate the current market dynamics. TLDR; gon get nutty.
Published at
2023-07-18 18:40:58Event JSON
{
"id": "68f67a8bf3b0a5b6efa7bc3a82f53565b84a251124bff9bb05954893582b0e54",
"pubkey": "880f967145ab66b53d9dc279d44a9722ba875d232c73f3df4707d1e79c4336ce",
"created_at": 1689705658,
"kind": 1,
"tags": [],
"content": "I remain convicted in my belief that there is not enough Bitcoin for sale for the institutions right now. People are trying to gain price exposure by buying mining companies, MSTR, and other Bitcoin adjacent “derivatives”. I think any marginal buyer of any substance is leading to crazy, bid up buying, and they are trying to figure out how to navigate the current market dynamics. TLDR; gon get nutty.",
"sig": "4aff329326bb5e08f29b46bf42743ef5ac510c34ebfa8748e7c57707f928f3cffc587d6c478a8294a71a1d176844f57b04a37bf5217b1c79d9d8134852045a4c"
}
