5 ms·
Anyone have a layman's guess as to what is driving it to hit these ATHs?
by yitchelle 5y ago
Anyone have a layman's guess as to what is driving it to hit these ATHs?
- deleted 5y ago[deleted]
- bally0241 5y agostock to flow.
- bob229 5y agoThe infinite stupidity of the human race
- washedup 5y agoMost likely related to SEC allowing futures ETFs to launch as of yesterday (creating more exposure to retail and retirement accounts), but overall there continues to be inflation pressures across the world that are driving some people to buy it. Others are simply speculating.
- baq 5y agothat's a convenient narrative. if anything, i'd expect $BITO launch to be a sell the news event. lo and behold, didn't happen. i don't believe retail bought several billions of it in the first day and change of trading.
- washedup 5y agoWhy not? Simple narratives usually win out.
- Slartie 5y agoIt doesn't matter whether retail traders buy trillions worth of this new ETF or not. The ETF is a futures ETF. It is not backed by any Bitcoin. It's a pure speculation on the future price of BTC. Hence the only thing this ETF does that affects the BTC price is drive the hype even higher.
- baq 5y agothere's exactly 0 chance futures aren't hedged with the underlying.
- seibelj 5y agoCentral banks around the world printing trillions of dollars and handing them out?
- GoblinSlayer 5y agoVolatility.
- baq 5y agopeople (i mean funds) buying loads of it, with leverage.
- anonymoushn 5y agoFutures ETF listings