@bitcoinamor I've given up trying to predict the unpredictable. Bitcoin didn't fulfill ANY of the promises of the zealots:
Doesn't behave like "digital gold"
Isn't an inflation hedge
Isn't a "safety asset"
INCREDIBLY BULLISH NEWS FOR BITCOIN:
Nasdaq just moved IBIT (BlackRock’s Bitcoin ETF) into the same regulatory class as the largest, most liquid equities on Earth.
They are raising the options limit from 25,000 contracts → 1,000,000 contracts.
That is 40× MORE ROOM for institutional derivatives exposure.
This is the transition point from “ETF adoption phase” to derivatives market phase.
And Bitcoin’s price discovery always goes vertical when derivatives scale.
Bitcoin just got promoted to Mega-Cap Status!
The rule filing literally says they’re doing this because IBIT has reached the same level of market cap, liquidity, and trading frequency as the biggest stocks.
This is the category reserved for:
AAPL
NVDA
MSFT
SPY
QQQ
That’s the club Bitcoin is now in.
The market is formally treating Bitcoin as a top-tier global asset class with no liquidity constraints.
NASDAQ priced in gold instead of dollars is flat since inception of the index over 25 years ago
Despite all our technological progress over the last few decades, most of the returns have been explained by debasement
@russ_brian Wow that's incredible.
From Roger Lowenstein's Buffet biography:
"When Buffet had taken over Berkshire the book value of one share could have bought half an ounce of gold. In fifteen years, he had raised the price from $19 to $335 and could still buy the same half ounce."