Bitcoin tops $44,000 since April 2022 as ETF optimism grows | Hacker News Reader

Bitcoin tops $44,000 since April 2022 as ETF optimism grows

cnbc.com

17 pointsmgh212 comments

Every year it’s a new narrative.

The reality is that until Tether is no longer active, we will never know the real price of Bitcoin or any other cryptotoken. Tether is one of the largest financial problems in history at this point.

With an ETF who cares about price. Buy BTC onto cold wallets, short the ETF, and you can't lose more in dollars than the cost of shorting plus risk of losing wallet .

The major issue with BTC before was you could only hedge in the same gambler shitholes that would go bust as soon as BTC did, making the hedge useless.

Tether is printing money, they make around $5B every year just by buying Treasuries, are you implying they are insolvent? Why? They make tons of money just by doing nothing

This is the exact same thing people said about FTX.

“Why would they be insolvent if they can make 200mil a month legally?”

Turns out they were

With $90B in USD they could make ~$5B just by doing nothing. Although technically we don't know that they have $90B USD under management, other than them saying so. They have never been audited. All we know for certain is that they have printed $90B USDT.

Never been audited is an understatement.

They have dodged all regulation, been chased around and proven to be lying multiple times. Tether once said they had no association to Bitfinex, which was a plain lie. Its been lies all the way through.

There is literally no reason to trust Tether and multiple independent signals that the whole thing is not reliable.

Is there concrete evidence that the Bitcoin spot ETF would get approved in the US? It seems more about the monetary easing expectation in 2024?

Almost reads like you’re fishing for an argument with the “concrete evidence” phrasing.

Blackrock DTCC listing https://www.cnn.com/2023/10/24/investing/bitcoin-price/index...

they are pushing really hard.

tiktok is full of "leaked" photos of some hsbc employee (just a guy sitting in a subway) looking at a PowerPoint about their btc etf.

it's such a low effort fake it's laughable, but enough for the remaining bag holders to fall.

Don't attribute to reality what happens for engagement on a tiktok video. BlackRock, Fidelity, and about 10 others have all filed S1s with the SEC who continues to meet with them and ask for specific technical adjustments. It is highly unlikely they'd be asking for such highly specific changes if their plan was to issue a blanket denial. Their decision is due around January 10.

would you fall, like you are now, if they weren't?

buy the rumor, sell on the news.

repeat. and in btc case you even repeat the rumor. lol

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