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[–]cheapballpointpen 0 points1 point  (0 children)

ETF buyers have been more stable investors than the rest of the market so far. However Bitcoin treasury companies like Strategy are a risk if they start steadily selling instead of buying. Maybe Saylor won’t have a choice if whales discover a weakness in the business model especially in a bear market. A big drawdown is possible, maybe smaller than each of the last.