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JUAN SOTO WINS IT FOR TEAM DOMINICAN REPUBLIC! 🇩🇴

Something caught my eye in the latest 13F filings. The biggest new entrant into IBIT, from a brand new entity, is something called Laurore Ltd. No website. No press. No footprint. The only public information is that the filer's name is Zhang Hui and it's HK based. Let's double click on that for a second. Zhang Hui is the Chinese equivalent of John Smith. It's what I like to call it a "non-anonymous anonymous" name, something hiding in plain sight buried under the statistical weight of millions to make it untraceable. The "Ltd" suffix suggests a Cayman or BVI structure, the classic offshore wrapper for accessing US markets. And the portfolio? A single holding. Nothing but IBIT. This isn't a diversified fund. It's a $436 million Bitcoin access vehicle dressed in institutional clothing. Why would you do this? Because Chinese investors can't hold Bitcoin. If this is what it looks like, it might be an early sign of institutional Chinese capital moving into Bitcoin, not through crypto exchanges or gray market channels, but through a BlackRock ETF, filed with the SEC in a regulated jurisdiction hiding in the most "transparent non-transparent" place imaginable. Funny that the name Laurore likely derives from the French l'aurore: the dawn. Smells like capital flight to me.

Every time I ask a Bitcoin true believer to explain why they think it has any long-term value- beyond the ability to convince someone else to give them more than they paid for it- I come away more certain that Bitcoin has no long-term value, and a floor price of zero

TOM LEE JUST SAID LIVE ON CNBC THAT BITCOIN AND CRYPTO BOTTOM IS IN AND ITS ABOUT TO GO PARABOLIC NOW 🚀 HERE WE GO