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What would the real reason 2 stand in front of a spot #Bitcoin $ETF when they have already tactically taking down every CEX that made #crypto juicy enough 4 Wall Street institutions 2 even bother inviting themselves 2 dinner only 2 show up & engage in more Coinfiscation.... and make no mistake that's the only thing they are really doing 🚨
1999- The internet bubble was much like the #crypto market in 2017 & earlier where many retail traders actually traded vs retail & could make a tidy profit if they were just a little bit more vigilant than their fellow traders. That allowed the common man or woman 2 achieve insane wealth in a market less efficient & not structured 2 make sure Wall Street was on the other side of every trade retail could take.
Well they saw the error of their ways & refused 2 continue 2 allow the a way 2 use capital markets 2 well?... capitalize themselves pun intended 👉 They would spend the next 2 decades plugging every loop hole that allowed that 2 happen
They started by:
Removing ECN's, Electronic Communication Networks retail traders could use 2 trade amongst themselves.
Implemented pattern day trade law which was designed 2 slow retail traders down or eliminate them from day trading all together.
Creating HFT (High Frequency Trade) systems 2 make sure they were able 2 on the other side of every retail transaction with the main goal 2 stop retail from trading against one another.
Creating full blown market taker systems like they have in Forex (which is why u don't see many today trading FX as it's gonna near impossible 2 survive in lower time frame resolutions).
Citadel actually has created this market taker structure around Robinhood putting that brokerage in full violation of their fiduciary responsibility 2 the retail client & compensating them 4 feeding their own customers directly 2 the 🦈
Crypto Derivatives
Crypto is experiencing the same thing today the stock market was back in 2001 & they aren't recognizing what's coming their way either... Institutions are coming 2 market 2 approve #Bitcoin ฿ ETF's in order 2 become ur liquidity providers in instruments they can more easily manipulate against u...These instruments have the effect of breaking up their liquidity & spreading it across numerous products. By diluting retail purchasing power it makes it easier 2 kill them in each of these newly created thinly traded instruments that they are in full control of... This changes the market structure completely from one where we all trade spot between one another as a 2 party operation & introduces a 3rd party that trades against both buyers & sellers. Now they will have multiple separate vehicles 2 eject retail out of moves & skim fees from the entire time they do it. Those fees $IBIT generates is what has allowed Blackrock 2 completely catch up & pass the total number of Bitcoins they hold vs Microstrategy which had a massive head start in their accumulation 👀
This already happened 2 Gold which is why u don't hear any #goldbugs talking about how they killed the gold move this week or ever. Institutions have been trying 2 gain custody of coins so they can force u 2 trade through their derivatives they make the books in which means nothing good will come of that 4 crypto peeps...
This whole thing is a #fractal of what happened in the internet bubble era that changed day trading stocks 2 decades ago into what 2 what they became today where u never really here the amazing individual life changing stories that made the internet bubble as legendary as it was & still considered so today
It is not in ur best interest at all 2 see institutions descend on #crypto the way they are doing today. In their 👀's they saw #Bitcoin & #Crypto as just another out of control (real) market that allowed retail opportunities they didn't have the ability 2 stop that would imbalance the system between them (the haves) & the human capital we represent (the have nots) something that should never
Attached we shared a vid from 2017 that we shared back in that time period which served as a warning 4 what was 2 come. The boldness with which the speaker Bob Pisani tells us why futures were necessary should only make a person worry when u here the reasons...none of this was 2 help retail at any point it was only ever about more control 🐒
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Kazonomics
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Amazing lesson thank you kaz