>>60623367
ETFs have been buying 30k bitcoin a month where miners are only capable of mining 10k new bitcoin in the same time period
ETFs are obliged by law to carry the underlying asset so they MUST buy
>but what if the price goes up? is there no price sensitivity?
yes, actually, only not the way you think. People who put money into ETFs aren't "buying", they're "investing"
The price going up actually encourages more people to invest, which forces the ETFs to buy more bitcoin
This doesn't even touch on all of the tech companies adding BTC to their treasuries
So what happens if I, ETF <A> want to buy more bitcoin? I'm already buying more than the miners can mine so where does it come from?
HODLrs and whales mostly, but they also see the price going up
>but why NOW? why not a month ago?
for whatever reason, some HODLrs and whales were ok selling their bitcoin for $107k. Maybe they needed to make rent or buy a house in Jackson Hole. Who the fuck knows? But at some point you run out of those people who are fine selling for $107k and you're just left with people who believe it will go to $1M and they're fine waiting until it does

>>510135470
No! The US has a strict only have sex with your own race policy. It is what has keep us on top for so long!