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ETF news were widely circulated by speculators -> Giancarlo started his printing press -> BTC value went up -> ETF inflows increased -> even more printing by Gi
by Yizahi 3y ago
ETF news were widely circulated by speculators -> Giancarlo started his printing press -> BTC value went up -> ETF inflows increased -> even more printing by Giancarlo -> more inflows in ETF -> loop continues for now....
Just as an example - the biggest and scariest fund in the world Blackrock had estimated 11 billion dollars inflows in the BTC ETFs. At the same time period, a single dude with the laptop in some non-extradition offshore has printed 12 billions just since the beginning of this year. And all of those printed tokens were immediately used to buy BTC and other volatile tokens. No wonder the the price went insane over past months.