Wall Street is at it again. While many in the Bitcoin world celebrated the approval (and going live) of the first Bitcoin ETF in the United States, there is a snag that most might be overlooking.
In this video I discuss how we are not dealing with "spot pricing" in the ProShares ETF. We also are not going to see that anytime soon. Even the next one to go live is going to utilize the same futures market.
▶️ 3Speak
Let them have their share of playtime, Crypto is no long BTC only. We have already built a thousand playfields to play on now, none can conquer all of them without causing wild multiplications into even more.
One of the best examples for this is the Hive Engine. There are many tokens there, and many of those tokens are valuable.
100% True, Hive Engine is a very good example of how to opt-out of the STEEM/HIVE wealth distribution, to rebuild based on different values propositions. While also being only one click away.
I knew that this was not dealing in physical bitcoin, but I'm still trying to figure out who all these players are and what their stances are (some may be playing 3d chess).
I wonder if this will be used to attack bitcoin, either to prop up some attempt at an CBDC or to buy in at a lower price in a 2018 like bear market. Are they trying to make sure that 2018 repeats? If they plan on attacking, I wonder if they'll let it pump first. What do you think?
I'll go read your article, sounds like it's got some info I am looking for.
Quite interesting
True. Some of us were really expecting the mooning provided by Wall Street will come at no risk... I guess that's what happens when looking at the dollar valuation all day long and only care about that.
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