R to @adam3us: also discussed the hyperbitcoinizing money absorbing loop driver from #bitcoin neutral cash-and-carry (buy spot sell future to collect USD interest): – cash & carry traders buy bitcoin – lockup restricts buyable BTC – higher price can absorb more capital
also discussed the hyperbitcoinizing money absorbing loop driver from #bitcoin neutral cash-and-carry (buy spot sell future to collect USD interest):
– cash & carry traders buy bitcoin
– lockup restricts buyable BTC
– higher price can absorb more capital