What's Up Bitcoin Bulls & Maximalists,
Creating the Pump
If we truly want to see Bitcoin's price rise to newfound highs, we need an organized effort to support the publicly traded Bitcoin ETFs. By pumping up the demand and prices of these ETFs, we can force the institutions behind them to gobble up as much BTC as possible from the open market to cover their funds.
Think about it -once their stockpiles run out or get extremely low these ETF providers will need to continuously rebalance their funds by purchasing new BTC when inflows increase the assets under management. If we can catalyze a buying frenzy around the ETFs, it will directly translate into heightened BTC buying pressure to accommodate the funds' exposure requirements.
The more Bitcoin that gets locked up in these institutional investment vehicles, the less supply is available on exchanges for trading. Basic economics tells us that restricting the circulating supply while demand remains constant or increases will inevitably drive prices up. But first, we have to make sure the stockpiles of BTC are dried up or drying up quickly.
A Unified & Coordinated Effort
This can only work if we coordinate a unified push across all platforms and forums available to us crypto diehards. We need to mobilize and evangelize about the potential benefits of going long on these ETFs to both individual and institutional investors alike.
Leverage social media, Reddit, Telegram, online forums, and any other avenues to spread awareness and spur inflows into these products. If done effectively, the supply shock from inefficient rebalancing could kickstart the squeeze we've been waiting for.
Crucially, we must concentrate our efforts on the biggest and most liquid Bitcoin ETFs to maximize impact. The likes of BlackRock Bitcoin ETF (IBIT), Purpose Bitcoin ETF (BTCC), 3iQ CoinShares Bitcoin ETF (BTCQ), and CI Galaxy Bitcoin ETF (BTCX) in North America are prime targets. Similarly, go after ETC Group's BTC, etc Bitcoin ETP (BTCE) in Europe.
The more we can pump these few key funds and divert liquidity into them, the sooner institutional rebalancing trades will deplete exchange order books and catalyze the supply crunch we desire. It's a way for us to positively shape Bitcoin's supply dynamics.
This Uphill Battle Won't Be Easy
But it will require a united, sustained campaign from all of us Bitcoin believers to get the ball rolling. Sharpen your persuasion skills and start mobilizing the troops - our monetary future depends on drying up the institutional BTC stockpiles. Those of us with the most social reach in and (mostly) outside the crypto space need to come together and blow up social media and forums to achieve this goal.
SPREAD THE WORD, SPREAD THIS POST AND GET THE BALL ROLLING!
BTC to the moon!
