Most people do not understand that BlackRock will need physical #Bitcoin to back their Spot ETF.
Either they have already acquired their #Bitcoin a few months earlier at cheaper prices,
Or they are intentionally manipulating the prices downward currently to create a more favourable entry point for themselves.
Which I think is the more likely scenario.
Because if they would have acquired their Bitcoin prior, why would they let prices dump back to their entry?
Either they have already acquired their #Bitcoin a few months earlier at cheaper prices,
Or they are intentionally manipulating the prices downward currently to create a more favourable entry point for themselves.
Which I think is the more likely scenario.
Because if they would have acquired their Bitcoin prior, why would they let prices dump back to their entry?