Have you considered what happens if BlackRock, Fidelity, Michael Jackson and all the other newly created Bitcoin stars start selling Bitcoin?
Let me ask you this and please, be honest, let's have an open discussion because we need this.
â Have you noticed that all these "Bitcoin Spot ETF" have been buying billions and billions and billions of dollars worth of Bitcoin and yet Bitcoin is not trading at new All-Time Highs?
â Have you noticed that Bitcoin is literally not trading at $80,000 nor $100,000 and yet billions were bought and nothing, in fact, Bitcoin is trading below its previous peak price hit 12-January.
And we go back to the beginning... When the Spot ETFs were approved, the next day we saw the highest bearish volume in many months, a strong "top" signal... A warning sign. Also remember the "Michael Saylor bought Bitcoin" ads which is an ominous omen.
What happens if the richest people in the world, the new Bitcoin stars decide to sell?
I mean, they can sell right?
Let's say they bought their Bitcoins at $40,000, GrayScale did some discounts or $38,000, even better... Over-the-counter, large sums, etc. You fill in the blanks.
The market goes to a healthy 45/46K and they can make a quick and easy 20% on several billions... (Just by selling, consider the profits potential on the SHORTs) Then people panic sell as the crash takes place and they are ready to buy up down below... Is it possible?
That's my questions for you today... Just to promote some thinking; Maybe to inspire some ideas...
Thanks a lot for blessing me with your time and attention.
Thank you for reading.
Namaste.