Crypto ETFs Are Great But Do They Pose A Different Risk?
With ETFs holding nearly as much Bitcoin as Satoshi’s wallet, the establishment’s acquisition of the OG token introduces new risks.
Indeed, due to their phenomenal performance, US-based Bitcoin ETFs now own over 1 million tokens or almost 5% of the total supply.
That’s close to the sums that have long been stashed away in the wallet of the market’s original whale: Satoshi Nakamoto, the mysterious and unknown author of the Bitcoin whitepaper.
Another large buyer might soon appear; a Trump ally in the Senate is trying to pass a bill that would sell part of the Federal Reserve’s gold to acquire 1 million Bitcoin for the US government’s stockpile.
In business, software company MicroStrategy, owned by Michael Saylor, owns over $38…
