If I were blackrock/fidelity, I would keep it sideways until capitulation and everyone exits to chase the Nasdaq. I would want everyone to believe btc has a CAGR the same as the sp500 or the Nasdaq and chop their patience out of them. I could’ve easily sent it to 500k in a year if I wanted 8M btc in AUM. I want everyone’s btc in slow motion without people realizing they lost in the long run.
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