I’m totally sure that they have some but I don’t think they have anything near what they would need to meet the demand of their potential ETF. Probably not even for the first month.
You control the info flow on this one, so if you a good trader you size as big as your risk guy lets you.
Bitcoin is Magic Internet Money, do you not believe in Magic??? Zero is a good measurement Everything is going to Zero when priced in bitcoin You do not believe me? Take a look for yourself https://www.pricedinbitcoin21.com/landing
It's not a currency so much as digital real estate. Real world use today is equity loans. You can borrow money off Bitcoin like you can iff a house ..minus all the bs such as appraisals etc. I would say gold would be way more risky now that Bitcoin has become the defacto store if value.
I don’t think it has become a “defacto store of value”. It was supposedly created to be a currency but the buyers are treating it like a security. Tulip mania man…
So the 'price of Bitcoin surges on news that Bitcoin ETFs are on the way, which will make it easier for investors to buy and lose money in Bitcoin'. A Wild Few Minutes Drive Bitcoin Above $35,000 as ETF Excitement Starts to Thaw the Crypto Winter BTC hasn't seen these lofty levels since May 2022, when the cryptocurrency industry was just starting to get pummeled by scandals. https://www.coindesk.com/markets/20...-excitement-starts-to-thaw-the-crypto-winter/
It is not required to use bitcoin as a method of payment for a coffee, use fiat currencies for that Bitcoin can buy fiat currencies If you need $200 for a dinner, buy $200 worth of fiat with your bitcoin If you're not in the US (like me) I can buy local fiat currencies with bitcoin in a matter of seconds And you can even borrow stablecoin (i.e. usdt) against your bitcoin so you do not have to sell bitcoin