BTC_ETF_NEWS

@AuguryHns What’s the TLD?

The most special onchain auction at $HNS that I have ever seen. I really can't believe my eyes: 4M $HNS, and the gap between the winner and the next is 21 HNS. perhaps the winner took advantage of the last block before the auction ended. Truly deserved to win with that bid.!

ETFs change everything

@BritishHodl How does the person generate a 1% monthly income? Are you talking about using margin for living expenses to avoid any selling?

Let's do a maths exercise, we'll keep it simple for the Hillbilly #Bitcoin-ers. Let's say there are two people: Person A: $1M 100% Self Custody Bitcoin. Person B: $1M 100% ETF Bitcoin. Let's say the goal here is to preserve as much Bitcoin as possible for the lifetime of ownership. We also agree that this person is American and does not want to hand over their citizenship for "freedom" and assume that they will die in America and live there for the majority of their life. Person A must sell a portion of their self custody Bitcoin every month to pay for living expenses of $10,000 a month and things that show up. Person B utilises the financial services built on ETF's to generate a 1% income monthly on their $1m of Bitcoin to live on. Assuming a fixed value of $1m of Bitcoin (for the purpose of the discussion - it's unrealistic as Bitcoin will appreciate). At the end of 20 years. Person A will have: MINUS $1.4m of Bitcoin. Person B will have: $1M of Bitcoin. Now, the good news is Person A will probably have a significant Dollar value of Bitcoin as the price appreciates. But person B will have 100% of their starting Bitcoin and will be able to live off it, for free. Who's children do you think will be happier when they pass it on? When you factor for $10,000 monthly withdrawals at a 30% CAGR. Person A with Self Custody with $10,000 monthly withdrawals would have a total final value of: $105.4m. Person B with ETF generating income with no withdrawals would have a total final value of: $190m. That's an $85M difference. Don't be stupid or emotional. It should be a sliding scale, run bag, vs wealth bag.

Last 19 days of ETF trading - Demand = 111,995 BTC Supply = 16,200 BTC 670% imbalance

What is the connection between ATHs on BTC and Coinbase going down? Can someone please explain what is really happening here?

Huge ETF inflows continue

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Bitcoin is your birthright, it represents your piece of digital real estate & global wealth. It cannot be debased away from you, nor inflated & diluted, it cannot be stealthily stolen from you bit by bit by sneaky politicians vying for power.

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@dotkrueger This is very bullish. They will become buyers just later and much higher .. once the inevitability is clearer … this is the ethos of trillions of dollars that will be the late adopters in future cycles

Statement by an Plymouth Rock in 1905: "As a prudent and conservative insurance company, we must exercise caution in our investment decisions. While the automobile industry may seem promising to some, we believe it carries significant risks that outweigh potential benefits. Firstly, the automobile is still a relatively new invention, and its long-term viability remains uncertain. The industry is characterized by rapid technological advancements and evolving consumer preferences, making it difficult to predict future market trends accurately. Secondly, the safety concerns surrounding automobiles are undeniable. Accidents and fatalities involving automobiles are on the rise, raising serious questions about the reliability and safety of these vehicles. This poses a substantial risk to our investment portfolio, as increased claims and liabilities could erode our financial stability. Furthermore, the infrastructure necessary to support widespread automobile usage, such as roads and fueling stations, is lacking in many areas. The development of such infrastructure requires substantial investment and time, further complicating the outlook for the automobile industry. In light of these considerations, we believe it is prudent to refrain from investing heavily in the automobile industry at this time. Instead, we will focus on more established and stable sectors that offer greater predictability and lower risk to our shareholders and policyholders."

James Stone, founder of Plymouth Rock Insurance company on Bitcoin. "What are your thoughts is converting a small percentage of our assets into Bitcoin as a long term capital allocation strategy" ? "I'll take that one. Our returns have exceeded the market by a good bit. We've done very will with the strategy that we have, and we like it. We're fundamental investors. We look for businesses that do well, have a good reputation and have a good product. Bitcoin's almost the opposite. It's not our zone at all. It's speculative. It's not backed up by the fundamentals of a product" "It's almost the opposite of the kind of thing we would ever invest in"

Strong ETF Flows Continue

BREAKING: Arizona passes a resolution in the Senate to have the state pensions’ study, purchasing the #bitcoin ETF.

@BitcoinNewsCom They’ve been issuing converts to buy BTC for years.

NEW: Jim Cramer says MicroStrategy offering $600 million in convertible notes to buy more #Bitcoin is the sign of a top 👀😮

@FinancialPhys Read the Prospectus

If the USD were to collapse tomorrow Does anyone think the ETF companies will send their customers actual Bitcoin? Or Will these customers get a check for completely worthless fiat dollars? —seems a question worth asking

There’s never been a commodity that is completely inelastic. No matter price, the amount that gets produced is entirely & precisely static. This is new to humanity. Your models are dogshit. Price could be $300k by the end of this sentence. No rules. No precedent. #bitcoin

$1Billion of ETF Inflows yesterday! 🚀

X - What a place!! Thanks @elonmusk!

Massive ETF Inflows today:

@DrBitcoinMD All things being equal the dips will be shallower

I would not mind seeing Wall Street and ETFers go through a brutal 80% correction to test their conviction Just sayin

BTC ETF demand drives Bitcoin to ATHs!