Gold prices have been manipulated for years. Okay, spoofing, but the real rub, I think, has been the ETF. ETF's are easy. I own some gold etf, so what is that? It's PAPER gold. So at first everyone buys the ETF and Blackrock will supposedly have to buy Bitcoin. So Bitcoin custody's Bitcoin and you buy paper. From there, manipulation. How? I don't know all their dirty tricks, but the futures market may come into play. Any insight would help, but I am NOT in favor of this ETF for Bitcoin's long-term potential.
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