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That's my point exactly. Traditional stock market buys tons of coinbase cash -> coinbase uses said cash to market-buy BTC with bots driving the price up -> BTC
by zionic 6y ago
That's my point exactly.
Traditional stock market buys tons of coinbase cash -> coinbase uses said cash to market-buy BTC with bots driving the price up -> BTC/their crypto of choice is now worth far more.
If the market follows their run they end up making far more than they reinvested.
- beaner 6y agoYeah but what does grayscale have to do with it? Doesn't make sense.