MONSTA

  • 4 Posts
  • 360 Comments
Joined 2 months ago
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Cake day: September 20th, 2024

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  • Yes and no.

    The ETF changed the dynamics of BTC a little.

    Now there’s an introductory price for Bitcoin once it hit the stock market, and there’s interest and reason for holders to not want it to go lower than that price. $55k thereabouts is when the ETF began.

    Also, people are using Bitcoin like an index fund. They get paid, they invest. Every paycheck.

    It’s an odd thing to watch. I don’t see another huge crash, but I don’t see miracles, either. BTC has no use as a fast method of payment. Store-of-value is all it has.