Bloomberg reported on Feb 25 that Citadel Securities has applied to be a crypto market maker. For those who dont know, a market maker is a firm who provides quotes on both sides of the trade and makes a profit from the spread. For me, this is immensely bullish on crypto in the long term.

People would know Citadel (the hedge fund) as the company that was rumoured to be involved in the GameStop short squeeze 3 years ago. If the conspiracies are to be believed (you may enter the rabbit hole in the Superstonk subreddit), Citadel has helped to manipulate GME stock prices over the years via dark pools and synthetic shares.

This is extremely bullish for crypto in the long term, regardless of whether you believe the conspiracy theories.

1. If you believe the conspiracy theories:

• then you will not be surprised that 1 day after Citadel announced their entry into this asset class, the asset class dumps in prices, allowing institutions (and would-be market markers) to accumulate the asset on the cheap

 2. If you do not believe the conspiracy theories:

• then citadel is an extremely competent and profitable group of companies, and they have identified crypto as their next big business bet

Either way, this dip would be extremely good news for you, and you should take this chance to accumulate crypto....before its too late.