34. Michael Saylor on The Fiat Standard
The Bitcoin Standard Podcast
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The Volatility of Bitcoin, Savening
It is impossible to sell it, Savening says. The construction of the trust is such that when money flows into the trust, they buy Bitcoin and there are GBTC shares that are issued. That's $30 billion a Bitcoin that can't be sold. It's very clear to me ever since March, you can literally see the volatility and instability in the entire network being damped by rational actors.
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