This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 190,000 other investors today. To investors, Bloomberg reported last night that insiders have confirmed the SEC will not oppose the Bitcoin Futures ETF applications that are set to begin trading on Monday. This led to a short term price appreciation of bitcoin, along with quite a bit of excitement on Twitter.
I'm concerned because buying futures contracts is not the same as buying actual Bitcoins. When BTC futures first became available in 2017 this marked a highpoint in price for BTC. Couldn't this signal a top for BTC price now? Anyone else share this concern? What am I missing?
I'm concerned because buying futures contracts is not the same as buying actual Bitcoins. When BTC futures first became available in 2017 this marked a highpoint in price for BTC. Couldn't this signal a top for BTC price now? Anyone else share this concern? What am I missing?
This column you published today will go down in History Pomp! great job. 😊🚀🙏🏻👍🏻