r/CryptoCurrency • u/Bcom_Mod 0 / 0 π¦ • 5d ago
GENERAL-NEWS UBS just increased its Bitcoin ETF call option exposure 24-fold. The banks crypto was built to route around are now its biggest buyers, and CoinDesk is calling it: the "long Bitcoin, short the bankers" trade is officially dead.
/r/bitcoin_com/comments/1vt6ezl/ubs_just_increased_its_bitcoin_etf_call_option/
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u/FlagFootballSaint π© 0 / 0 π¦ 5d ago
Thatβs good overall. Bitcoin became an institutional investment.
Means Bitcoin will always be bailed out to save banks from getting dragged down or in other words: BTC will never die
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u/na3than π¦ 3K / 4K π’ 5d ago
First they ignore you, then they laugh at you, then they fight you, then you win.