Thread: Money Bitcoin Take?
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Old 03-30-2024, 01:58 PM   #3899
Hog's Gone Fishin Hog's Gone Fishin is offline
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Join Date: Nov 2001
Casino cash: $1590477
Quote:
Originally Posted by Pinchshot View Post
Careful with Grayscale. They are colluding with Blackrock to dump all their Bitcoin so Blackrock can buy them. You need to have real Bitcoin and not these paper Bitcoins.

Only 900 Bitcoin are produced daily (450 after the halving). Blackrock and the other ETFs are buying 12K per day. There simply isn't enough supply. Thus the parabolic price increase.
I don't own any GBTC, that's the only one it may affect, correct ?

While this has been known, it looks like GBTC has still been going up.
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