(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) It’s that time of year again where I decamp from the mountainous semi-tropics to the snow-covered peaks of northern Japan. Apart from the world-class pow-pow, the other delightful aspect about skiing in Hokkaido is the amazing seafood. One of my favourite crustaceans is the Hokkaido king crab. Of course, you can purchase flash frozen crabs anywhere in the world for quite a few sats, but the taste expression of the crab in the hands of master chefs here makes for a delectable meal.
No matter how many bitcoins are frozen by long-term investors, the remaining ones will be used for their intended purpose. The more bitcoins are frozen, the more expensive bitcoins will cost to make transfers. As a result, the commissions will pay for the work of the miners. The market will automatically adjust prices. Bitcoin will die not because of investors, but because of the technological lag behind СBDС and other more advanced blockchains.
With regards to your comment about ETFs just taking BTC off the market, are you not overlooking that those ETF holdings will be leveraged to create more trading activity?
Arthur, thank you for sharing. You are are right. If institutional investors come in, gobble up the bitcoin and park it, it spells the end of Bitcoin.
(1) Makes me wonder if this will mark the end of future crypto bull runs(after 2025)?
(2) if bitcoin dies, what would happen to Ether?
Also, good observations. Institutional investors do come in to "steal" from retail. Their selected crypto coins "investments "peak" and then they pull out and run with their bags.
In this article King Arthur sends light on how a BTC Etf takes Satoshis out of circulation and uses them as leverage. This could kill bitcoin, since BTC 's main function is a non-state control currency. To your point though Arthur stated if you do want/need to hold use a non-custodian wallet. As you mentioned people are saying hold, because there is a time and season to hold and there is a time and a season to use BTC. IF we are not using it then miners can't generate income, no income, no funds to pay electric bill, no electric, no miner, no miner no block chain network. My strategy will be to sell some near the top of all-time high, then diversify into ETH and Gold. Also to ride eth up then buy btc. Diversify is the keyword.
I considered it a sharing of ideas and noted your avoidance to the questions I posed. And yet I took the time to answer your questions.
You just simply moved the goalposts, created a disconnected narrative and didn't back your statements with primary source verification.
I can deal with an open mind, even a broken mind. But a closed mind with tunnel vision -no engagement is possible . Your thoughts on BTC and Blockchain technology intrigued me at first . End result - no substance. Your ignorance was glaring.
If its any consolation _ I did spend time checking out Meta Money - CB Cartel. My opinion - More of the same fiat control that is prevalent today. I see Meta Money as a gaming crypto for the Metaverse.
Lets walk away from the table - and thank Arthur Hayes for the article that spawned this discussion in the first place.
Isn't the mantra to just HODL? So whether that's Blackrock holding the coins or retail investors surely that means ultimately no movement in the coins and therefore death of the network regardless?
I'm open to read your opinion. I would appreciate your sources, links or websites. My sources :
US Treasuries - World Debt Clock/ Unrealised Debt.
Petrodollar/BRICS - Kathleen Tyson ex Fed Reserve, spoke at the Network State Conference hosted by Balaji Srinivasan ex Coinbase Tech Developer.
Bitcoin Ownership - Andreas Antonopolous.
I agree my reality differs from yours. Different background, different education level ( I class myself as a dummy striving to unravel the conditioning I've been exposed to), different religious beliefs, different gender biases, different......whatever differences we bring to the table, lets accept and celebrate them.
Brother, I can't stand this Soylanal pump, can you pls do something about it? Call your Bitmex friends and rekt the longers or something. Fucking Soylana piece of shit.
Have you looked at the RWA debt markets beyond stablecoins? I'm aware of the risks (platform, contract, etc.) but there's potential for newly unlocked liquidity and better capital efficient for products like HELOCs, pawn etc.
Do you ever stop and look at the words you're writing?
This insane tirade is like 50% propaganda. Why do you blame everyone else for your own shortcomings? Why are you so bent on hurting people that aren't like you?
You're not fighting for some noble end by repeating fascist propaganda.
What do you think happens when countries de-globalize and take up idiotic isolationist policies like those which you undoubtedly champion? The internet dies, and so does fucking bitcoin, you idiot.
You're going to eat your own tail eventually. Hopefully it doesn't involve harming innocent people, as you fascist nutters are known to do.
No matter how many bitcoins are frozen by long-term investors, the remaining ones will be used for their intended purpose. The more bitcoins are frozen, the more expensive bitcoins will cost to make transfers. As a result, the commissions will pay for the work of the miners. The market will automatically adjust prices. Bitcoin will die not because of investors, but because of the technological lag behind СBDС and other more advanced blockchains.
Hi Arthur.
Love your articles.
With regards to your comment about ETFs just taking BTC off the market, are you not overlooking that those ETF holdings will be leveraged to create more trading activity?
Best wishes for the holidays.
Arthur, thank you for sharing. You are are right. If institutional investors come in, gobble up the bitcoin and park it, it spells the end of Bitcoin.
(1) Makes me wonder if this will mark the end of future crypto bull runs(after 2025)?
(2) if bitcoin dies, what would happen to Ether?
Also, good observations. Institutional investors do come in to "steal" from retail. Their selected crypto coins "investments "peak" and then they pull out and run with their bags.
Merry Christmas to you too. You dropped about six gems in this article. Almost time to put the cake away and buckle up on this buckin bull!
In this article King Arthur sends light on how a BTC Etf takes Satoshis out of circulation and uses them as leverage. This could kill bitcoin, since BTC 's main function is a non-state control currency. To your point though Arthur stated if you do want/need to hold use a non-custodian wallet. As you mentioned people are saying hold, because there is a time and season to hold and there is a time and a season to use BTC. IF we are not using it then miners can't generate income, no income, no funds to pay electric bill, no electric, no miner, no miner no block chain network. My strategy will be to sell some near the top of all-time high, then diversify into ETH and Gold. Also to ride eth up then buy btc. Diversify is the keyword.
Indeed
I considered it a sharing of ideas and noted your avoidance to the questions I posed. And yet I took the time to answer your questions.
You just simply moved the goalposts, created a disconnected narrative and didn't back your statements with primary source verification.
I can deal with an open mind, even a broken mind. But a closed mind with tunnel vision -no engagement is possible . Your thoughts on BTC and Blockchain technology intrigued me at first . End result - no substance. Your ignorance was glaring.
If its any consolation _ I did spend time checking out Meta Money - CB Cartel. My opinion - More of the same fiat control that is prevalent today. I see Meta Money as a gaming crypto for the Metaverse.
Lets walk away from the table - and thank Arthur Hayes for the article that spawned this discussion in the first place.
Isn't the mantra to just HODL? So whether that's Blackrock holding the coins or retail investors surely that means ultimately no movement in the coins and therefore death of the network regardless?
I'm open to read your opinion. I would appreciate your sources, links or websites. My sources :
US Treasuries - World Debt Clock/ Unrealised Debt.
Petrodollar/BRICS - Kathleen Tyson ex Fed Reserve, spoke at the Network State Conference hosted by Balaji Srinivasan ex Coinbase Tech Developer.
Bitcoin Ownership - Andreas Antonopolous.
I agree my reality differs from yours. Different background, different education level ( I class myself as a dummy striving to unravel the conditioning I've been exposed to), different religious beliefs, different gender biases, different......whatever differences we bring to the table, lets accept and celebrate them.
Left hanging by chopsticks on the perma-hold scenario...please bless us w fairy dust...or not.
I never thought about this whole ETF situation from this perspective... I just fell entirely for the bullish narrative that has been peddled
This something we should critically consider and evaluate
Great Article overall !
Brother, I can't stand this Soylanal pump, can you pls do something about it? Call your Bitmex friends and rekt the longers or something. Fucking Soylana piece of shit.
Have you looked at the RWA debt markets beyond stablecoins? I'm aware of the risks (platform, contract, etc.) but there's potential for newly unlocked liquidity and better capital efficient for products like HELOCs, pawn etc.
Excellent, pertinent : thank you very much for the article! It offers new instructive point of views
As always a pleasure to read. It made lol 100x
Do you ever stop and look at the words you're writing?
This insane tirade is like 50% propaganda. Why do you blame everyone else for your own shortcomings? Why are you so bent on hurting people that aren't like you?
You're not fighting for some noble end by repeating fascist propaganda.
What do you think happens when countries de-globalize and take up idiotic isolationist policies like those which you undoubtedly champion? The internet dies, and so does fucking bitcoin, you idiot.
You're going to eat your own tail eventually. Hopefully it doesn't involve harming innocent people, as you fascist nutters are known to do.